notes to the financial statements 31 march 2025 (cont’d.) 22. Contract assets/(liabilities) (cont’d.) At reporঞng date, the transacঞon price allocated to the unsaঞsfied performance obligaঞons is RM573,704,000 (2024: RM727,013,000). The remaining performance obligaঞons are expected to be recognised as follows: GROUP 2025 RM’000 2024 RM’000 Within 1 year 475,415 490,943 Between 1 and 4 years 98,289 236,070 Total 573,704 727,013 23. Cash and bank balances GROUP COMPANY 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Deposits with licensed banks 42,353 33,577 2,315 2,277 Debt service reserve account 7,572 2,541 – – Deposits under Housing Development Accounts 96,861 204,738 – – Cash on hand and in bank 40,167 137,263 9,160 61,107 Cash and bank balances 186,953 378,119 11,475 63,384 Less: Excess restricted cash - Debt service reserve account (7,572) (2,541) – – - Fixed deposits with pledged to licensed banks (42,353) (33,546) (2,314) (2,246) Less: Fixed deposits with maturity period more than 90 days – (31) – (31) Less: Bank overdra[ (17,107) (13,716) – – Cash and cash equivalents 119,921 328,285 9,161 61,107 The fixed deposits with licensed bank at the end of the reporঞng period bear effecঞve interest rate ranging from 1.84% to 3.75% (2024: 1.55% to 4.10%) per annum and 2.50% to 3.00% (2024: 3.00% to 3.10%) per annum respecঞvely. The fixed deposits have maturity periods ranging from 31 to 365 (2024: 28 to 365) days and 365 (2024: 365) days for the Group and the Company respecঞvely. Included in the fixed deposits with licensed banks at the end of the reporঞng period was an amount of RM42,353,000 (2024: RM33,546,000) and RM2,314,000 (2024: RM2,246,000) which have been pledged to licensed banks as security for banking faciliঞes granted to the Group as disclosed in Note 27 to the financial statements. Included in the cash and bank balances of the Group is an amount of RM96,861,000 (2024: RM204,738,000) held pursuant to Secঞon 7A of the Housing Development (Control and Licensing) Act 1966, as amended by the Housing Developers (Housing Development Account) (Amendment) Regulaঞon, 2002. The amount is held at call with banks and is available only to subsidiaries involved in the property development acঞviঞes. 199 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 07 FINANCIAL STATEMENTS
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