Cash and cash equivalents include restricted cash amounting to USD 29.6 million as at 20.02.2017 (USD 43.6 million as at 20.02.2016). The Company has a group account agreement and participates in a cash pool agreement. Both agreements are made with the Company's main bank, Nordea Bank AB (publ), filial i Norge. The group account agreement implies that the Company can make overdrafts on individual bank accounts as long as the Company's total bank deposit is positive.
The Company has an overdraft facility with Nordea Bank Norge ASA for an amount of USD 40 million (USD 40 million as at 20.02.2016). Through the cash pool agreement all the participating companies can make use of this overdraft facility. The cash pool agreement secures efficient use of the operating bank deposits through the companies' opportunities to make use of the overdraft facility on individual bank accounts accumulating up to USD 40 million in aggregate for the companies participating in the agreement. Each company participating in the cash pool agreement is jointly liable for the overdraft facility through unsecured guarantees.