EXCEL FORCE MSC BERHAD Annual Report 2018

91 ANNUAL REPORT 2018 13. Deposits, Bank and Cash Balances and Short Term Funds Group Company 2018 2017 2018 2017 RM RM RM RM Cash in hand 5,935 14,929 5,435 14,493 Cash at banks 3,445,180 6,585,329 2,646,315 6,413,493 Deposits with licensed banks 212,097 206,914 212,097 206,914 3,663,212 6,807,172 2,863,847 6,634,900 Short term funds At fair value through profit or loss - Investments in fixed income trust funds in Malaysia 26,149,369 14,734,445 26,149,369 14,734,445 29,812,581 21,541,617 29,013,216 21,369,345 (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 0.14% to 5.00% (2017: 0.15% to 4.62%) per annum. (c) Deposits of the Group and of the Company have an average maturity period of 30 days (2017: 30 days). Bank balances are deposits held at call with banks. 14. Assets Held for Sale Company 2018 2017 RM RM Cost At 1 January 14,500,000 - Reclassified from property, plant and equipment - 14,500,000 Disposal (14,500,000) - At 31 December - 14,500,000 Accumulated depreciation At 1 January 1,118,796 - Reclassified from property, plant and equipment - 1,118,796 Disposal (1,118,796) - At 31 December - 1,118,796 Carrying amount At 31 December - 13,381,204 Notes To The Financial Statements 31 December 2018 (cont’d)