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