Registration No. 200301030845 (633265-K) - 103 - 19. Fixed Deposits with Licensed Banks The fixed deposits of the Group at amount of RM16,787,513 (2021: RM18,578,083) have been pledged to licensed banks as security for bankers’ guarantees issued and banking facilities granted to subsidiaries as disclosed in Note 25. The interest rates of deposits during the financial year range from 0.15 % to 3.75% (2021: 1.50% to 3.25%) per annum and the maturities of deposits are 5 to 365 days (2021: 5 to 365 days) respectively. 20. Share Capital 2022 2021 2022 2021 Unit Unit RM RM Ordinary share with no par value Issued and fully paid: At 1 January 1,663,531,629 1,525,276,358 479,828,496 453,974,761 Issuance of shares: - private shares placement - 138,255,271 - 25,853,735 At 31 December 1,663,531,629 1,663,531,629 479,828,496 479,828,496 Amount Group and Company Number of shares In the previous financial year, the Company issued 138,255,271 ordinary shares pursuant to the private placement exercises at issue price of RM0.187 per share amounting to RM25,853,735 on 8 September 2021. The new ordinary shares issued for working capital purposes during the financial year rank pari passu in all respects with the existing ordinary shares of the Company. The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regards to the Company’s residual assets. 21. Foreign Currency Translation Reserve The exchange translation reserve represents exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the Group’s presentation currency. 181 ANNUAL REPORT 2022 DESTINI BERHAD
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