192 KIMLUN CORPORATION BERHAD • NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 22. Cash and bank balances (cont'd) 2025 2024 2025 2024 RM RM RM RM Cash and bank balances 121,616,967 69,668,397 10,772,876 286,613 Less: Bank overdrafts (Note 24) (4,735,193) (6,062,589) - - Less: Pledged deposits (11,695,734) (5,693,790) - - Cash and cash equivalents 105,186,040 57,912,018 10,772,876 286,613 23. Assets held for sale 2025 2024 RM RM At 1 January - 14,125,282 Disposal - (2,400,417) Transfer to inventories - (11,724,865) At 31 December - - Group Group For the purpose of the statements of cash flows, cash and cash equivalents comprise the following at the reporting date: Short-term deposits with licensed banks of the Group amounting to RM11,695,734 (2024: RM5,693,790) are pledged as security for borrowings and therefore not available for use (Note 24). These are properties that are expected to be recovered primarily through sale rather than through continuing use. Company - 72 -
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