162 SECTION 05 : FINANCIAL STATEMENTS & OTHERS Notes To The Financial Statements (Cont’d) 31 March 2025 Registration No: 66 199201005296 (236800 - T) 12. CASH AND BANK BALANCES AND SHORT TERM FUNDS Group Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Fixed deposits with licensed banks 3,003 2,981 2,800 2,800 Cash and bank balances 1,377 1,934 301 117 4,366 4,915 3,101 2,917 Short term funds: - Investment in money market funds in Malaysia - 380 - 380 4,366 5,295 3,101 3,297 (a) Cash and bank balances and short term funds are financial assets where cash and bank balances are measured at amortised cost, while short term funds are measured at fair value through profit or loss. (b) Investment in money market funds in Malaysia represent investments in highly liquid money market instruments, which are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value and hence, meet the definition to be classified as cash and cash equivalents. (c) Certain deposits with licensed banks are pledged to licensed banks as security for credit facilities granted to the Group and the Company as set out in Note 20 to the financial statements. The fixed deposits of the Group and of the Company bear average interest of 2.30% (2024: 2.51%) and 2.31% (2024: 2.53%) per annum respectively. The fixed deposits of the Group and of the Company have maturity periods between one (1) month to twelve (12) months (2024: one (1) month to twelve (12) months). (d) Included in the cash and bank balances of the Group is an amount of RM155,000 (2024: RM505,000) held under the Housing Development Accounts (Control and Licensing) Amendment Act, 2015 (“HDA”). In the previous financial year, certain bank balances held under HDA are pledged to licensed bank as security for credit facilities granted to the Group as set out in Note 20 to the financial statements. (e) Information on financial risks of cash and bank balances and short term funds is disclosed in Note 31 to the financial statements. (f) The currency exposure profile of cash and bank balances and short term funds are as follows: Group Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 4,236 4,528 3,101 3,297 US Dollar 130 716 - - British Pound - 51 - - 4,366 5,295 3,101 3,297
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