ENRA Group Berhad | Annual Report 2022 134 NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2022 14. 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 2022 2021 2022 2021 Note RM’000 RM’000 RM’000 RM’000 Cash and bank balances Fixed deposits with licensed banks 6,615 15,006 2,100 2,100 Cash and bank balances 7,685 19,540 1,796 4,664 Short term funds 5,987 1,111 5,987 1,111 As reported in statements of financial position 20,287 35,657 9,883 7,875 Less: Bank overdrafts 20 – (1,585) – – Fixed deposits pledged to licensed banks (4,236) (3,562) (2,100) (2,100) As reported in statements of cash flows 16,051 30,510 7,783 5,775 15. SHARE CAPITAL Group and Company 2022 2021 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.
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