143 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 CONT’D 22. CASH AND BANK BALANCES (Cont’d) (h) 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 2021 2020 2021 2020 RM RM RM RM Cash and bank balances 163,609,412 135,504,861 2,598,160 5,466,566 Deposits with licensed banks - not more than three (3) months 2,047,899 747,706 1,959,355 - - more than three (3) months 14,454,769 12,641,354 - - 180,112,080 148,893,921 4,557,515 5,466,566 Add: Other investments (Note 21) 101,578,702 64,809,567 96,733,322 60,016,520 Less: - Deposits pledged to licensed banks (15,647,164) (12,595,916) (1,959,355) - - Deposits more than 3 months (855,504) (793,144) - - 265,188,114 200,314,428 99,331,482 65,483,086 23. SHARE CAPITAL Group and Company 2021 2020 Number of shares RM Number of shares RM Issued and fully paid ordinary shares with no par value Balance as at 1 January 1,141,499,842 351,485,304 749,209,139 330,199,925 Issuance of ordinary shares pursuant to: - acquisition of subsidiaries - - 10,061,206 19,015,679 - ESS - - 1,730,000 2,269,700 - bonus issue - - 380,499,497 - Balance as at 31 December 1,141,499,842 351,485,304 1,141,499,842 351,485,304 (a) In the previous financial year, the issued and fully paid-up ordinary share capital of the Company was increased by way of: (i) special issue of 10,061,206 new ordinary shares at RM1.19 (closing market price at date of issue: RM1.89) per ordinary share pertaining to the Share Subscription Agreement (“SSA”) with Paysys Group Holdings Sdn. Bhd. and Rica Holdings (M) Sdn. Bhd. as part of consideration paid for the acquisition of Paysys (M) Sdn. Bhd. and related acquisition expenses and general working capital purposes;
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