EXCEL FORCE MSC BERHAD Annual Report 2017

86 11. Other Receivables Group Company 2017 2016 2017 2016 RM RM RM RM Other receivables 93,137 108,079 79,287 98,783 Deposits 324,075 255,762 324,075 255,462 Prepayments 2,104,986 315,038 2,094,185 308,848 2,522,198 678,879 2,497,547 663,093 12. Cash and Bank Balances and Short Term Funds Group Company 2017 2016 2017 2016 RM RM RM RM Cash in hand 14,929 16,995 14,493 15,995 Cash at banks 6,585,329 6,702,103 6,413,493 6,589,489 Deposits with licensed banks 206,914 727,135 206,914 727,135 6,807,172 7,446,233 6,634,900 7,332,619 Short term funds At fair value through profit or loss - Investments in fixed income trust funds in Malaysia 14,734,445 15,882,729 14,734,445 15,882,729 21,541,617 23,328,962 21,369,345 23,215,348 (a) Investment in fixed income trust funds in Malaysia represents investments in high liquid money market instruments, which are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. (b) The annual interest rates for short term funds and deposits with licensed banks of the Group and of the Company that were effective at the end of the reporting period were 0.15% to 4.62% (2016: 0.15% to 5.32%) per annum. (c) Deposits of the Group and of the Company have an average maturity period of 30 days (2016: 30 days). Bank balances are deposits held at call with banks. Notes To The Financial Statements 31 December 2017 (cont’d)