200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 21. Cash and bank balances (cont'd) 2024 2023 2024 2023 RM RM RM RM Cash and bank balances 69,668,397 63,255,642 286,613 757,334 Less: Bank overdrafts (Note 23) (6,062,589) - - - Less: Pledged deposits (5,693,790) (4,540,948) - - Cash and cash equivalents 57,912,018 58,714,694 286,613 757,334 22. Assets held for sale 2024 2023 2024 2023 RM RM RM RM At 1 January 14,125,282 14,125,282 - - Disposal (2,400,417) - - - Transfer to inventories (11,724,865) - - - At 31 December - 14,125,282 - - Short-term deposits with licensed banks of the Group amounting to RM5,693,790 (2023: RM4,540,948) are pledged as security for borrowings and therefore not available for use (Note 23). These are properties that are expected to be recovered primarily through sale rather than through continuing use. Company Group For the purpose of the statements of cash flows, cash and cash equivalents comprise the following at the reporting date: Group Company - 69 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 161 ANNUAL REPORT 2024
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