135 FINANCIAL STATEMENTS & OTHERS ENRA GROUP BERHAD ANNUAL REPORT 2023 Notes To The Financial Statements 31 March 2023 (Cont’d) 14. CASH AND BANK BALANCES AND SHORT TERM FUNDS (CONT’D) (f) The currency exposure profile of cash and bank balances and short term funds are as follows: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 9,687 16,791 4,558 9,883 US Dollar 2,946 3,492 - - British Pound 161 4 - - 12,794 20,287 4,558 9,883 (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 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Cash and bank balances Fixed deposits with licensed banks 3,714 6,615 2,100 2,100 Cash and bank balances 6,880 7,685 258 1,796 Short term funds 2,200 5,987 2,200 5,987 As reported in statements of financial position 12,794 20,287 4,558 9,883 Less: Fixed deposits pledged to licensed banks (2,281) (4,236) (2,100) (2,100) As reported in statements of cash flows 10,513 16,051 2,458 7,783
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