Financial Statements Notes to the Financial Statements 15. CASH AND CASH EQUIVALENTS Group Company 2023 2022 2023 2022 Note RM’000 RM’000 RM’000 RM’000 Cash and bank balances 1,036,117 1,345,870 7,888 154,512 Fixed deposits with tenor of 3 months or less 1,323,342 482,774 – – Deposits placed in escrow account 19,010 1,834,246 – – Restricted cash 654 621 – – Cash and cash equivalents in the statements of financial position 2,379,123 3,663,511 7,888 154,512 Add: Cash and cash equivalents included in assets classified as held for sale 16 – 42,976 – – Less: Secured bank overdrafts (77,885) (44,135) – – Cash and cash equivalents in the statements of cash flows 2,301,238 3,662,352 7,888 154,512 Deposits placed in escrow account These are the amounts deposited in accordance with the requirements of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers Regulations) (“SEBI (SAST) Regulations”) relating to the Group’s Mandatory Open Offer (“Offer”) to acquire up to an additional 197,025,660 and 4,894,308 equity shares of Fortis and Fortis Malar Hospitals Limited respectively (see note 37). These amounts can only be released in the manner prescribed in Clause 17(10) of the SEBI (SAST) Regulations. In December 2023, approximately RM1,815.2 million placed in the escrow account was released and replaced by a bankers’ guarantee. 16. ASSETS CLASSIFIED AS HELD FOR SALE AND LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS CLASSIFIED AS HELD FOR SALE Group 2023 2022 RM’000 RM’000 Assets classified as held for sale Property, plant and equipment 194 290,546 Right-of-use assets – 265,083 Goodwill on consolidation – 224,976 Intangible assets – 1,392 Other financial assets – 66,145 Trade and other receivables – 29,633 Tax recoverables – 1,489 Deferred tax assets – 38 Inventories – 2,033 Cash and cash equivalents – 42,976 194 924,311 IHH Healthcare Berhad 176
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