MKH Annual Report 2018

96 MKH Berhad Annual Report 2018 Cash and cash equivalents Cash and cash equivalents included in the statements of cash flows comprise the following amounts: The Group The Company 2018 2017 2018 2017 Note RM RM RM RM Deposits with licensed banks 22 12,611,412 8,830,105 - - Cash and bank balances 22 106,698,370 132,260,508 3,941,479 12,145,700 Cash held under housing development accounts 22 78,206,979 91,347,222 - - Fixed income funds: Redeemable at call 22 1,476,808 10,378,499 - - Redeemable upon 1 day notice 22 17,953,612 11,183,738 - - Redeemable upon 5 days notice 22 10,779,035 10,609,703 - - 227,726,216 264,609,775 3,941,479 12,145,700 Bank overdrafts 28 (4,789,416) (2,495,721) (1,601,813) - 222,936,800 262,114,054 2,339,666 12,145,700 Less:Non short-term and highly liquid fixed deposits (10,105,200) (4,312,380) - - Less:Deposits and bank balances pledge for credit facilities (18,170,250) (18,504,615) - - 194,661,350 239,297,059 2,339,666 12,145,700 Acquisition of property, plant and equipment During the financial year, the Group acquired property, plant and equipment by the following means: The Group 2018 2017 RM RM Finance lease arrangement 650,000 93,000 Cash payments 16,919,649 13,821,345 17,569,649 13,914,345 FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018 STATEMENTS OF CASH FLOWS The accompanying notes form an integral part of the financial statements.