MKH Berhad 185 25. CASH, BANK BALANCES, TERM DEPOSITS AND FIXED INCOME FUNDS (CONT’D) Cash and cash equivalents held by the Group which are not freely available for general use are as follows: (i) bank balances of RM11,509,714 (2020: RM13,914,674) pledged as restricted fund held as security for the credit facilities as disclosed in Note 32; and (ii) deposit and bank balances of RM38,251 (2020: RM36,209) held under sinking fund account for the recreational club. 26. NON-CURRENT ASSETS CLASSIFIED AS HELD FOR SALE The Group 2021 2020 RM RM At cost: At beginning of year 4,533,955 1,543,550 Disposals (4,194,999) - Transfer from land held for property development (Note 18) 398,074 2,990,405 At end of year 737,030 4,533,955 This was in respect of the following sales and purchase agreements entered into between subsidiaries and third parties or related parties for the disposal of freehold and leasehold land held under land held for property development: 2021: On 1 March 2021 for the disposal of one (1) parcel of leasehold land located at Kajang to a director of the Company for a cash consideration of RM1,730,000. 2020: (i) On 21 August 2020 for the disposal of two (2) parcels of freehold land located at Semenyih for a cash consideration of RM4,000,000; and (ii) On 29 September 2020 for the disposal of two (2) parcels of freehold land located at Ulu Langat to a director of the Company and a key management of the Group for a cash consideration of RM3,617,000. The disposal of two (2) parcels of freehold land located at Semenyih as mentioned in 2020 (i) above were completed during the year. The disposal of one (1) parcel of freehold land located at Ulu Langat as mentioned in 2020 (ii) above was completed during the year. Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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