PRG Holdings Berhad Annual Report 2019

ANNUAL REPORT 2019 151 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 20. CASH AND BANK BALANCES (continued) (e) For the purpose of the statements of cash flows, cash and cash equivalents comprise the following as at the end of each reporting period: Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Cash and bank balances Cash and bank balances 13,653 23,067 130 501 Deposits placed with financial institutions 9,733 11,837 - - Investments in short term funds - 175 - - As reported in statements of financial position 23,386 35,079 130 501 Less: Bank overdraft (Note 23) (384) (8,582) - - Deposits placed with financial institutions with original maturity of more than three (3) months (7,980) (647) - - Restricted cash (727) (82) - - As reported in statements of cash flows 14,295 25,768 130 501 (f) No expected credit losses were recognised arising from the deposits with financial institutions because the probability of default by these financial institutions were negligible. (g) Information on financial risks of cash and bank balances is disclosed in Note 37 to the financial statements. 21. SHARE CAPITAL AND TREASURY SHARES Group and Company 2019 2018 Number Number of shares of shares (’000) RM’000 (’000) RM’000 Ordinary shares Issued and fully paid: Balance as at 1 January 310,751 83,289 302,488 77,730 Issued for cash pursuant to exercise of warrants 52,254 21,686 3,457 1,434 Issued for acquisition of a joint venture - - 4,806 4,125 Issued for acquisition of land by a subsidiary 40,296 30,000 - - Balance as at 31 December 403,301 134,975 310,751 83,289