MKH Berhad 181 2022 RM 2021 RM The Group At cost: At beginning of year (4,194,999) (391,218) 398,074 - 4,533,955 737,030 Disposals Transfer from land held for property development (Note 18) 737,030 345,812 At end of year The non-short term and highly liquid fixed deposits of RMNil (2021: RM3,887,499) included in deposit with licensed banks have maturity period of more than 3 months. Cash and cash equivalents held by the Group which are not freely available for general use are as follows: bank balances of RM1,250,000 (2021: RM11,509,714) pledged as restricted fund held as security for the credit facilities as disclosed in Note 33; and deposit and bank balances of RM41,179 (2021: RM38,251) held under sinking fund account for the recreational club. (i) (ii) 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 in the previous financial year: On 29 September 2020 for the disposal of one (1) parcel of freehold land located at Ulu Langat to a director of the Company for a cash consideration of RM1,316,000; 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. The disposal was completed during the financial year; On 29 September 2020 for the disposal of one (1) parcel of freehold land located at Ulu Langat to a key management for a cash consideration of RM2,301,000. The disposal was completed in the previous financial year; 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. The disposal was completed in the previous financial year. On 3 December 2018 for the disposal of two (2) parcels of leasehold land located at Hillpark Shah Alam for cash considerations of RM298,427 and RM1,441,996 respectively. The disposal was completed in the previous financial year. (i) (ii) (iii) (iv) (v) Notes to the Financial Statements For the Financial Year Ended 30 September 2022 CASH, BANK BALANCES, TERM DEPOSITS AND SHORT-TERM PLACEMENTS (CONT’D) 26. NON-CURRENT ASSETS CLASSIFIED AS HELD FOR SALE 27.
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