GHL System Berhad Annual Report 2017

ANNUAL REPORT 2017 109 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 20. CASH AND BANK BALANCES (cont’d) (d) For the purpose of statements of cash flows, cash and cash equivalents comprise the following as at the end of each reporting period: Group Company 2017 2016 2017 2016 RM RM RM RM Cash and bank balances 95,945,382 70,859,895 16,085,617 8,910,398 Deposits with licensed banks - not more than three (3) months 4,000,000 6,027,207 - - - more than three (3) months 7,554,563 6,976,752 - - 107,499,945 83,863,854 16,085,617 8,910,398 Less: Deposits pledged to licensed banks (7,554,563) (6,976,752) - - 99,945,382 76,887,102 16,085,617 8,910,398 (e) Included in the deposits of the Group is an amount of RM7,236,675 (2016: RM6,976,752) pledged to licensed banks as securities for credit facilities granted to one (1) subsidiary as disclosed in Note 23 to the financial statements. (f) At the end of the reporting period, the interest rate profile of the deposits with licensed banks was: Group Company 2017 2016 2017 2016 RM RM RM RM Fixed rate 11,554,563 13,003,959 - - Sensitivity analysis for fixed rate deposits with licensed banks at the end of the reporting period is not presented as fixed rate instrument is not affected by change in interest rates. 21. SHARE CAPITAL Group and Company 2017 2016 Number of shares RM Number of shares RM Issued and fully paid Balance as at 1 January 654,724,992 130,944,998 649,847,192 129,969,438 Issuance of ordinary shares pursuant to ESS 4,720,000 3,405,278 4,877,800 975,560 Resale of treasury shares - 934,522 - - Transfer pursuant to Companies Act, 2016 - 72,824,729 - - Balance as at 31 December 659,444,992 208,109,527 654,724,992 130,944,998