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Note 22. Cash and cash equivalents within the statement of cash flows
€ million 2016 2015
Available-for-sale financial assets 58.5 188.9
Cash and cash equivalents 48.1 45.4
Total 106.6 234.3
In the statement of cash flows, cash and cash equivalents includes those recognised in the balance sheet and portions of available-for-sale financial assets with maturities of less than three months from acquisition.
Note 23. Related parties
The Group’s related parties include its management personnel (the Board of Directors, the President and CEO and the Group Management Board), companies controlled by them, subsidiaries, associates, joint ventures and Kesko Pension Fund. The subsidiaries, associates and joint ventures are listed in a separate note (note 37).
Some members of the Kesko Board are K-retailers. The Group companies sell goods and services to companies controlled by them. Goods and services have been sold to related parties on normal market terms and conditions and at market prices.