213 ANNUAL REPORT 2025 MST GOLF GROUP BERHAD 12. AMOUNT OWING BY SUBSIDIARIES (CONT’D) Set below is the movement in the allowance for ECL on amount owing by subsidiaries:- Company 2025 2024 RM’000 RM’000 At 1 January - - Provision 7,500 - At 31 December 7,500 - The amount owing by subsidiaries are unsecured, interest bearing range from 1.85% to 7.25% (2024: 2.35% to 7.25%) per annum and repayable on demand. 13. FIXED DEPOSITS WITH LICENSED BANKS Fixed deposits with licensed financial institution of the Group amounting to RM438,000 (2024: RM427,000) has been pledged to a financial institution as security for banking facilities granted to the Group as disclosed in Note 16 to the financial statements. The average maturity of fixed deposits with licensed banks as at the end of the financial year of the Group ranged from 30 to 365 days (2024: 30 to 365 days). 14. SHARE CAPITAL Number of ordinary shares Amount 2025 2024 2025 2024 Unit Unit RM’000 RM’000 Group and Company Issued and fully paid with no par value:- At the beginning/end of the financial year 820,868,600 820,868,600 165,902 165,902 The holders of ordinary shares are entitled to receive dividends as and when declared by the Company. All ordinary shares carry one vote per share without restrictions and rank equally with regard to the Company’s residual assets. The new ordinary shares issued during the previous financial year ranked pari passu in all respect with the existing ordinary shares of the Company. 15. FOREIGN EXCHANGE RESERVE The foreign exchange reserve represents exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different that of the Group’s presentation currency.
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