20. CASH AND BANK BALANCES Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Cash and bank balances 27,044 19,958 112 508 Deposits placed with financial institutions 10,697 14,916 - - 37,741 34,874 112 508 (a) Included in the Group’s cash and bank balances is an amount of RM1,210,000 (2020: RM695,000) held under the Housing Development Account (“HDA”) pursuant to Section 7A of Housing Development (Control and Licensing) Act, 1966, as amended by the Housing Developers (Housing Development Account) (Amendment) Regulations, 2002. Included in cash and bank balances of the Group is restricted cash of RM727,000 (2020: RM727,000) which represents minimum balances maintained in HDA amounted to RM200,000 (2020: RM200,000) and deposits which are maintained in a designated Debt Service Reserve Account with a licensed bank amounted to RM527,000 (2020: RM527,000) in connection with banking facilities granted to the Group as disclosed in Note 24(a) to the financial statements. (b) Deposits placed with financial institutions of the Group have maturity periods ranging from 7 days to 365 days (2020: 7 days to 365 days) with interest rates ranging from 0.2% to 5.0% (2020: 0.2% to 5.0%) per annum. In the previous financial year, included in deposits placed with financial institutions of the Group was an amount of RM1,527,000 pledged to licensed banks as security for credit facilities granted to the Group as disclosed in Note 24(a) to the financial statements (c) The currency exposure profile of cash and bank balances are as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 4,281 4,321 79 470 United States Dollar 18,444 10,508 7 7 Hong Kong Dollar 2,486 5,295 8 12 Vietnamese Dong 10,567 12,651 - - Others 1,963 2,099 18 19 37,741 34,874 112 508 NOTES TO THE FINANCIAL STATEMENTS 151 P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 31 December 2021 (cont’d)
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