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Annual Report 2017

181

Notes to the

financial statements

31 march 2017

23. Cash and bank balances

Group

Company

2017

2016

2017

2016

RM’000

RM’000

RM’000

RM’000

Cash in hand and at banks

98,087

44,761

6,706

1,927

Fixed deposits with licensed bank

292,693

202,831

-

5,800

390,780

247,592

6,706

7,727

For the purpose of the statements of cash flows, cash and cash equivalents comprise the following as at the reporting date:

Group

Company

2017

2016

2017

2016

RM’000

RM’000

RM’000

RM’000

Cash in hand and at bank

390,780

247,592

6,706

7,727

Less: Fixed deposits with a licensed bank with maturity

of more than three months

(23,000)

-

-

-

Total cash and cash equivalents

367,780

247,592

6,706

7,727

The weighted average effective interest rates per annum of deposits at the reporting date were as follows:

Group

Company

2017

2016

2017

2016

%

%

%

%

Licensed banks

3.18

3.27

3.17

3.14

The average maturity of deposits at the reporting date were as follows:

Group

Company

2017

2016

2017

2016

Days

Days

Days

Days

Licensed banks

40

42

10

13