ENRA Group Berhad Annual Report 2021

FINANCIAL STATEMENTS & OTHERS Annual Report 2021 | ENRA Group Berhad 145 NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2021 16. CASH AND BANK BALANCES AND SHORT TERM FUNDS (cont’d) (g) No expected credit losses were recognised arising from the deposits with financial institutions because the probability of default by these institution were negligible. (h) 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 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Cash and bank balances Fixed deposits with licensed banks 15,006 12,326 2,100 2,100 Cash and bank balances 19,540 17,340 4,664 5,044 Short term funds 1,111 23,947 1,111 23,154 As reported in statements of financial position 35,657 53,613 7,875 30,298 Less: Bank overdrafts (Note 22) (1,585) – – – Fixed deposits pledged to licensed banks (3,562) (10,156) (2,100) (2,100) As reported in statements of cash flows 30,510 43,457 5,775 28,198 17. SHARE CAPITAL Group and Company 2021 2020 Number Number of shares Amount of shares Amount ’000 RM’000 ’000 RM’000 Issued and fully paid ordinary shares with no par value At beginning/end of the financial year 136,208 144,744 136,208 144,744 The owners of the Company are entitled to receive dividends as and when declared by the Company and are entitled to one (1) vote per ordinary share at meeting of the Company. All ordinary shares rank pari passu with regard to the residual assets of the Company.