94 Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2025 (CONT’D) 16. DEPOSITS, CASH AND BANK BALANCES AND SHORT-TERM FUNDS Group Company 2025 2024 2025 2024 RM RM RM RM Cash in hand 6,829 6,965 3,820 3,954 Cash at banks 17,439,082 9,364,573 17,287,729 9,264,709 Deposits with licensed banks: - Fixed deposits 220,325 245,955 220,325 245,955 - Short-term fund deposits 3,971,652 7,865,086 183,000 4,763,000 21,637,888 17,482,579 17,694,874 14,277,618 Short-term funds At fair value through profit or loss (“FVTPL”) - Investments in fixed income trust fund in Malaysia 531,882 3,521,799 531,882 3,521,799 Cash and cash equivalents 22,169,770 21,004,378 18,226,756 17,799,417 (a) Investments in fixed income trust funds in Malaysia represents investments in high liquid money market instruments, which are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. (b) The effective interest rates for short-term funds and deposits with licensed banks of the Group and of the Company at the end of the reporting period range from 0.25% to 2.44% (2024: 0.25% to 2.50%) and 0.25% to 2.38% (2024: 0.25% to 2.50%) per annum respectively. (c) Short-term funds and deposits with licensed bank of the Group and of the Company have an average maturity period range from overnight to 30 days (2024: overnight to 30 days). Bank balances are deposits held at call with banks. (d) Included in cash at banks of the Group and of the Company are an amount of RM17,000,000 (2024: RMNil) represents refundable deposit paid to explore a potential collaboration involving blockchain-related technology, solutions or systems. As at 30 June 2025, the proposed collaboration has been mutually terminated as the parties unable to reach a conclusive outcome. The deposit has been fully refunded subsequent to the reporting period. 17. SHARE CAPITAL Group and Company Number of shares Amount 2025 2024 2025 2024 Units Units RM RM Issued and fully paid ordinary shares At 1 July 609,878,375 559,378,375 98,093,980 81,176,480 Issuance of shares - 50,500,000 - 16,917,500 At 30 June 609,878,375 609,878,375 98,093,980 98,093,980 In the previous financial year, the Company issued 50,500,000 new ordinary shares at issue price of RM0.335 per share, total value at RM16,917,500 as partial discharge of the purchase consideration for an acquisition of a subsidiary company. The new ordinary shares issued in the previous financial year shall rank pari passu in all respects with the existing ordinary shares of the Company. The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regards to the Company’s residual assets.
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