162 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) DATASONIC GROUP BERHAD FINANCIAL STATEMENT 06 17. SHORT-TERM INVESTMENTS Group 2023 2022 Carrying Amount Market Value Carrying Amount Market Value RM’000 RM’000 RM’000 RM’000 Money market funds, at fair value 133,092 133,092 110,111 110,111 Company 2023 2022 Carrying Amount Market Value Carrying Amount Market Value RM’000 RM’000 RM’000 RM’000 Money market funds, at fair value 48,154 48,154 75,391 75,391 18. CASH AND CASH EQUIVALENTS Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Deposits with licensed banks 6,399 6,107 - - Cash and bank balances 18,148 4,637 562 1,098 Short-term investments 133,092 110,111 48,154 75,391 157,639 120,855 48,716 76,489 Less: Deposits pledged to licensed banks (6,399) (6,107) - - 151,240 114,748 48,716 76,489 The deposits with licensed banks of the Group at the end of the financial year bore effective interest rates ranging from 1.40% to 3.45% (2022 - 1.40% to 3.45%) per annum. The deposits have maturity periods ranging from 1 to 24 (2022 - 1 to 24) months for the Group. The deposits which have been pledged to licensed banks as securities for banking facilities granted to the Group.
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