132 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 CONT’D 22. CASH AND BANK BALANCES Group Company 2022 2021 2022 2021 RM RM RM RM Cash and bank balances 127,935,548 163,609,412 7,330,808 2,598,160 Deposits with licensed banks 15,330,422 16,502,668 1,992,435 1,959,355 143,265,970 180,112,080 9,323,243 4,557,515 (a) Cash and bank balances and deposits with licensed banks are classified as financial assets measured at amortised cost. (b) The weighted average effective interest rate of deposits with licensed banks of the Group is ranging between 1.65% to 2.32% (2021: 1.21% to 1.80%) per annum. The average maturity days are ranging from 30 days to 365 days (2021: 30 days to 365 days) per annum. (c) Included in the deposits of the Group and of the Company are RM14,081,870 (2021: RM15,647,164) and RM1,992,435 (2021: RM1,959,355) respectively pledged to licensed banks as securities for credit facilities granted to one (1) subsidiary as disclosed in Notes 25 and 30 to the financial statements. (d) At the end of the reporting period, the interest rate profile of the deposits with licensed banks was: Group Company 2022 2021 2022 2021 RM RM RM RM Fixed rate 15,330,422 16,502,668 1,992,435 1,959,355 Sensitivity analysis for fixed rate deposits with licensed banks at the end of the reporting period is not presented as fixed rate instrument is not affected by change in interest rates. (e) At the end of the reporting period, cash and bank balances denominated in foreign currencies which are held for working capital purposes is as follows: Group Company 2022 2021 2022 2021 RM RM RM RM Ringgit Malaysia (“RM”) 73,195,491 127,235,606 7,323,315 4,366,367 Philippines Peso (“PHP”) 49,763,619 38,759,338 - - United States Dollar (“USD”) 5,630,419 2,896,356 1,974,488 166,212 Thai Baht (“THB”) 12,268,514 8,243,847 25,440 24,936 Australian Dollar (“AUD”) 2,037,760 2,407,638 - - Singapore Dollar (“SGD”) 197,622 289,652 - - Indonesian Rupiah (“IDR”) 155,035 102,853 - - Hong Kong Dollar (“HKD”) 17,510 176,790 - - 143,265,970 180,112,080 9,323,243 4,557,515
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