NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 105 - 18. Amount Due from An Associate Company This represents non-trade balances, unsecured, interest free advances and are repayable on demand. 19. Fixed Deposits with Licensed Banks The fixed deposits of the Group at amount of RM18,043,371 (31.12.2022: RM16,787,513) have been pledged to licensed banks as security for bankers’ guarantees issued and banking facilities granted to subsidiaries as disclosed in Note 26. The interest rates of deposits during the financial period range from 0.15 % to 3.75% (31.12.2022: 0.15 % to 3.75%) per annum and the maturities of deposits are 5 to 365 days (31.12.2022: 5 to 365 days) respectively. 20. Share Capital 30.6.2024 31.12.2022 30.6.2024 31.12.2022 Unit Unit RM RM Issued and fully paid: Ordinary share At 1 January 1,663,531,629 1,663,531,629 479,828,496 479,828,496 Issuance of shares: - right issue 3,327,063,258 - 94,217,720 - Share consolidation (4,491,535,475) - - - At 30 June/ 31 December 499,059,412 1,663,531,629 574,046,216 479,828,496 Amount Group and Company Number of shares During the financial period, the Company increased its issued and paid-up share capital from RM479,828,496 comprising 1,663,531,629 ordinary shares to RM574,046,216 comprising 4,990,594,887 ordinary shares through issuance of 3,327,063,258 new ordinary shares pursuant to the rights issue with warrants at an exercise price of RM0.04 per share. The new ordinary shares issued during the financial period shall rank pari passu in all respects with the existing ordinary shares of the Company. 182 DESTINI BERHAD ANNUAL REPORT 2024
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