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annual report | 2012 Gunung Capital Berhad (330171-P)
72
NOTES TO THE FINANCIAL STATEMENTS (cont’d)
31 DECEMBER 2012
12 AMOUNTS OWING BY / (TO) SUBSIDIARIES
The amounts owing by / (to) subsidiaries, which arose mainly out of unsecured advances, are interest-free and repayable
on demand.
13 CASH AND BANK BALANCES
2012
RM
Group Company
Cash in hand 351,940 322,998 - 2
Cash at bank 13,182,845 13,405,575 2,024,254 126,837
Fixed deposits 4,374,873 3,763,335 - -
Money market deposits - 1,750,000 - 1,000,000
2011
RM
2012
RM
2011
RM
17,909,658 19,241,908 2,024,254 1,126,839
Included in the Group’s fixed deposits, which are placed with local licensed banks, are amounts of RM2,747,925 (2011:
RM3,728,603) that are pledged to the banks as security deposits for leasing facilities granted to one of the subsidiary,
GPB Corporation Sdn. Bhd. The effective interest rates of the Group’s fixed deposits are ranged from 2.8% per annum
to 6.4% per annum (2011: 2.8% per annum to 6.4% per annum).
Money market deposits are placed with licensed banks with varying maturity periods of less than 1 month and earn
interest at the respective short term interest rates. The effective interest rate of the Group and the Company’s money
market deposits is 2.8% per annum (2011: 2.8% per annum).
For the purpose of consolidated statements of cash flows, cash and cash equivalents comprise the following at the end
of the reporting period:-
2012
RM
Group Company
Cash and bank balances
- Continuing operations 17,909,658 19,241,908 2,024,254 1,126,839
- Disposal group classified as held for sale
(Note 14) - 31,415 - -
Cash and cash equivalents 17,909,658 19,273,323 2,024,254 1,126,839
2011
RM
2012
RM
2011
RM