NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 19. DIGITAL ASSETS Group 2023 2022 RM’000 RM’000 Cryptocurrencies 301,761 38 Digital assets are accounted for using inventory methodology and is measured at its fair value less costs to sell, with any change in fair value less costs to sell being recognised in profit or loss in the period of the change. The foreign currency exposure profile of digital assets are as follow: Group 2023 2022 RM’000 RM’000 USD 301,761 38 20. FIXED DEPOSITS WITH LICENSED BANKS (a) The fixed deposits with licensed banks of the Group and of the Company at the end of the reporting period bore effective interest rates ranged from 1.65% to 3.25% (2022: 1.65% to 2.85%) per annum and 1.75% to 2.75% (2022: 1.65% to 1.75%) per annum respectively. The fixed deposits have maturity periods ranged from 1 to 12 (2022: 1 to 12) months and 12 (2022: 12) months for the Group and for the Company respectively. (b) Included in the fixed deposits with licensed banks of the Group and of the Company at the end of the reporting period were amounts of RM23,307,000 and RM11,369,000 (2022: RM19,615,000 and RM11,143,000) respectively which have been pledged to licensed banks as security for banking facilities granted to the Group and to the Company as disclosed in Note 26 to the financial statements. (c) Included in the fixed deposits with licensed banks of the Group at the end of the reporting period are amounts of RM128,000 (2022: RM125,000) with tenure more than 3 months. (d) At the end of the reporting period, the fixed deposits of the Group and of the Company amounting to RM452,000 and RM33,000 (2022: RM319,000 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 to the Company as disclosed in Note 26 to the financial statements. (e) The interest rate of the fixed deposits with maturity period of more than 3 months of the Company ranged from 1.75% to 2.75% (2022: 1.35% to 2.30%) per annum. (f) The foreign currency exposure profile of fixed deposits with licensed banks are as follows: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 USD 2,120 2,120 - - ANNUAL REPORT 2023 223 (a) The fixed deposits with licensed banks of the Group and of the Company at the end of the reporting (b) Included in the fixed deposits with licensed banks of the Group and of the Company at the end of (c) Included in the fixed deposits with licensed banks of the Group at the end of the reporting period are (d) At the end of the reporting period, the fixed deposits of the Group and of the Company amounting to RM452 000 and RM33 000 (2022: RM319 000 and RM33 000) respectively were held in trust by a Director FINANCIAL STATEMENTS
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