Selected account balances follow for Ryanair Holdings plc, a discount airline that operates primarily in Europe:

RYANAIR HOLDINGS PLC

Statement of Financial Position (partial)

September 30, 2010

(in millions of euros)

Assets

Non-current assets

Property, plant, and equipment .......................................€4,685

Long-term investments ......................................................... 166

Other .......................................................................................... 63

Total non-current assets .................................................... 4,914

Current assets

Other ....................................................................................... 201

Restricted cash ......................................................................... 61

Financial assets: cash > 3 months .................................... 1,028

Cash and equivalents ........................................................ 1,936

Total current assets ........................................................... 3,226

Total assets ........................................................................€8,140

Instructions

(a) What is meant by restricted cash?

(b) What are cash and cash equivalents?

(c) Why does the company show separately the financial assets that relate to cash deposits maturing after three months?

(d) Why do you think long-term investments are shown separately as non-current?

(e) What percent age of the 2010 total assets is represented by short-term investments?