3 Cash and cash equivalents and Restricted cash

For the purpose of the interim condensed consolidated statement of financial position, cash and cash equivalents comprise the following:

	June 30, 2020	December 31, 2019
Cash on hand	17	10
Cash at banks	18,210	2,356
Total	18,227	2,366

Cash held in banks earns interest at floating rates based on daily bank deposit rates. Bank deposits are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Company and earn interest at the respective bank deposit rates.

As at June 30, 2020, in order to fulfil the collateral requirements contained in the loan agreement (Note 8), the Company has pledged an aggregate amount of $2,518 ($2,435 as at December 31, 2019). This amount is presented on the accompanying statement of financial position under restricted cash current $1,268 ($1,185 as at December 31, 2019) and restricted cash non-current $1,250 ($1,250 as at December 31, 2019).