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149
Maxis Berhad
Annual Report 2014
Notes to the
Financial Statements
31 December 2014
27 CASH AND CASH EQUIVALENTS
Cash and cash equivalents at the end of the financial year comprise the following:
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Deposits with licensed banks
1,422,723
708,023
185,824
160,424
Cash and bank balances
107,796
99,923
136
215
Cash and cash equivalents
1,530,519
807,946
185,960
160,639
Deposits with licensed banks are held in short-term money market and fixed deposits.
Deposits with licensed banks of the Group and of the Company at the end of the financial year have an average maturity of 16 days
(2013: 9 days) and 17 days (2013: 6 days) respectively. Bank balances are deposits held at call with banks.
The credit quality of bank balances and deposits with licensed banks can be assessed by reference to external credit ratings as
follows:
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Local licensed banks
(1)
:
- AAA
737,738
407,482
100,262
908
- AA1
135,921
89,698
-
-
- AA2
652,282
302,186
85,698
159,731
Offshore licensed banks
(2)
:
- Aa2
-
31
-
-
- Aa3
33
-
-
-
- A1
2,758
8,220
-
-
- A2
1,389
-
-
-
- BAA2
5
-
-
-
1,530,126
807,617
185,960
160,639
Note:
Source: Bloomberg with ratings provided by:
(1)
RAM Ratings Services Berhad
(2)
Moody’s
