NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) FINANCIAL STATEMENTS 20. Digital assetS Group 2022 RM’000 Cryptocurrencies 38 The foreign currency profile of digital assets is as follow: Group 2022 RM’000 USD 38 21. Fixed deposits with licensed banks (a) The fixed deposits with licensed banks of the Group and the Company at the end of the reporting period bore effective interest rates ranged from 1.65% to 2.85% (2021: 1.40% to 3.10%) per annum and 1.65% to 1.75% (2021: 1.75%) per annum respectively. The fixed deposits have maturity periods ranged from 1 to 12 (2021: 1 to 12) months and 12 (2021: 12) months for the Group and the Company respectively. (b) Included in the fixed deposits with licensed banks of the Group and the Company at the end of the reporting period were amounts of RM19,615,281 and RM11,142,615 (2021: RM15,455,055 and RM8,030,339) respectively which have been pledged to licensed banks as security for banking facilities granted to the Group and the Company. (c) Included in the fixed deposits with licensed banks of the Group at the end of the reporting period are amounts of RM125,240 (2021: RM123,191) with tenure more than 3 months. (d) At the end of the reporting period, the fixed deposits of the Group and the Company amounting to RM319,185 and RM33,000 (2021: RM314,586 and RM33,000) respectively were held in trust by a Director of a subsidiary and a Director of the Company. The fixed deposits held in trust have been pledged to licensed banks as security for banking facilities granted to the Group and the Company. (e) The interest rate of the fixed deposits with maturity period of more than 3 months of the Company ranged from 1.35% to 2.30% (2021: 1.35% to 1.60%) per annum. The maturity of deposits of the Company from 1 to 6 (2021: 1 to 6) months. 22. Cash and bank balances The cash and bank balances of the Group and the Company included short-term cash investment amounted to RM4,182,540 and RM2,098,629 (2021: RM4,024,993 and RM2,082,679). The short-term cash investments represent investment in highly liquid money market. These investments are readily convertible to known amount of cash and are subject to an insignificant risk of changes. The short-term cash investments’ unit price ranged from RM0.50 to RM1.40 (2021: RM0.50 to RM1.40). The short-term cash investments have maturity periods ranged from 1 to 30 (2020: 1 to 30) days. At the end of the reporting year, the bank balances of the Group and the Company amounts to RM314,586 and RM99,832 (2021: RM107,524 and RM100,318) was held in trust by a Director of the Company and a Director of a subsidiary. 215
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