134 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 CONT’D 22. CASH AND BANK BALANCES (Cont’d) (h) For the purpose of 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 RM RM RM RM Cash and bank balances 127,935,548 163,609,412 7,330,808 2,598,160 Deposits with licensed banks - not more than three (3) months 1,928,394 2,047,899 1,543,884 1,959,355 - more than three (3) months 13,402,028 14,454,769 448,551 - 143,265,970 180,112,080 9,323,243 4,557,515 Add: Other investments (Note 21) 14,900,727 101,578,702 9,951,410 96,733,322 Less: - Deposits pledged to licensed banks (14,081,870) (15,647,164) (1,992,435) (1,959,355) - Deposits more than three (3) months (1,248,552) (855,504) - - 142,836,275 265,188,114 17,282,218 99,331,482 23. SHARE CAPITAL Group and Company 2022 2021 Number of shares RM Number of shares RM Issued and fully paid ordinary shares with no par value Balance as at 1 January/31 December 1,141,499,842 351,485,304 1,141,499,842 351,485,304 (a) The owners of the parent are entitled to receive dividends as and when declared by the Company and are entitled to one (1) vote per ordinary share at meetings of the Company. All ordinary shares rank pari passu with regard to the residual assets of the Company. (b) Executive Share Scheme (“ESS”) The ESS (“ESS2013”) of the Company came into effect on 30 August 2013 to 29 August 2018 and subsequently extended for a period of five (5) years until 29 August 2023. On 25 August 2021, ESS2013 was terminated and a new ESS scheme (“ESS2021”) of the Company was established and came into effect and shall be in force for a period of five (5) years until 24 August 2026 (“the scheme period”). The main features of the ESS2021 are as follows: (i) Eligible executives are those who meet the following criteria: • if he has attained the age eighteen (18) years of age and is not an undischarged bankrupt; • if he is employed on a full time basis and is on the payroll of any corporation in the Group and has not served a notice to resign or received a notice of termination; • if his employment has been confirmed in writing; • if he is serving in a specific designation under an employment contract for a fixed duration but not if he is merely employed for a specific project; and • if he fulfils any other criteria and/or falls within such category as may be set by ESS.
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