142 MKH BERHAD | ANNUAL REPORT 2023 Note (i) Cash and cash equivalents Cash and cash equivalents included in the statements of cash flows comprise the following amounts: The Group The Company 2023 2022 2023 2022 RM RM RM RM Deposits with licensed banks 12,852,000 13,097,987 - - Cash and bank balances 145,822,619 136,413,315 1,416,743 2,466,373 Cash held under housing development accounts 143,440,670 155,374,926 - - Short-term placements 63,670,729 86,365,216 - 4,541,682 365,786,018 391,251,444 1,416,743 7,008,055 Bank overdrafts (9,408,688) - - - 356,377,330 391,251,444 1,416,743 7,008,055 Less: Non short-term and highly liquid fixed deposits (6,426,000) - - - Less: Deposits and bank balances pledged for credit facilities (43,074) (1,291,179) - - 349,908,256 389,960,265 1,416,743 7,008,055 Note (ii) Acquisition of property, plant and equipment During the financial year, the Group acquired property, plant and equipment by the following means: The Group 2023 2022 RM RM Hire-purchase arrangement 1,539,150 1,270,100 Cash payments 29,248,967 17,761,844 30,788,117 19,031,944 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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