Integrated Annual Report 2024

153 ANNUAL REPORT 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (cont’d) 13. AMOUNTS OWING BY/(TO) A SUBSIDIARY The Company 2024 2023 RM’000 RM’000 Amount Owing by a Subsidiary Current Non-trade balance - 450 Amount Owing to a Subsidiary Current Non-trade balance - (99) (a) The amounts owing were non-trade in nature, unsecured, interest-free and repayable on demand. (b) The amounts owing have been settled in cash. 14. FIXED DEPOSITS WITH LICENSED BANKS The Group 2024 2023 RM’000 RM’000 Fixed deposits with licensed banks 5,271 4,241 (a) The fixed deposits with licensed banks of the Group at the end of the reporting period bore effective interest rates ranging from 2.60% to 2.70% (2023 - 2.80% to 3.05%) per annum. The fixed deposits have maturity periods ranging from 9 to 12 (2023 - 9 to 12) months. (b) At the end of the reporting period, the fixed deposits with licensed banks of the Group have been pledged to licensed banks as security for banking facilities granted to the Group as disclosed in Notes 19(a)(vii) and 19(b)(iii) to the financial statements.

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