MKH Annual Report 2020

100 FINANCIAL STATEMENTS ANNUAL REPORT 2020 Cash and cash equivalents Cash and cash equivalents included in the statements of cash flows comprise the following amounts: Note The Group The Company 2020 RM 2019 RM 2020 RM 2019 RM Deposits with licensed banks 25 6,872,443 10,325,296 - - Cash and bank balances 25 105,888,495 128,387,261 1,900,392 593,455 Cash held under housing  development accounts 25 247,109,816 241,678,107 - - Fixed income funds: Redeemable at call 25 6,910,278 8,862,827 - - Redeemable upon 1 day notice 25 7,872,623 13,643,057 - - Redeemable upon 5 days notice 25 - 2,259,458 - - 374,653,655 405,156,006 1,900,392 593,455 Bank overdrafts 32 (1,202,499) (7,293,959) - (3,860,068) 373,451,156 397,862,047 1,900,392 (3,266,613) Less: Non short-term and highly  liquid fixed deposits - (8,113,020) - - Less: Deposits and bank balances  pledged for credit facilities (13,950,883) (15,682,862) - - 359,500,273 374,066,165 1,900,392 (3,266,613) Acquisition of property, plant and equipment During the financial year, the Group acquired property, plant and equipment by the following means: The Group 2020 RM 2019 RM Hire purchase arrangement 464,000 281,000 Interest capitalised 167,603 645,200 Cash payments 9,543,552 26,712,383 10,175,155 27,638,583