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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