2004 - Hiap Teck Venture Berhad
2004 - Hiap Teck Venture Berhad
2004 - Hiap Teck Venture Berhad
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11. CASH AND CASH EQUIVALENTS<br />
GROUP<br />
COMPANY<br />
<strong>2004</strong> 2003 <strong>2004</strong> 2003<br />
RM'000 RM'000 RM'000 RM'000<br />
Cash on hand and at banks 9,108 24,079 1,384 23,027<br />
Deposits with licensed banks 2,469 3,531 - -<br />
Cash and bank balances 11,577 27,610 1,384 23,027<br />
Less: Bank overdrafts (Note 12) - (11,992) - -<br />
Cash and cash equivalents 11,577 15,618 1,384 23,027<br />
The average effective interest rates of deposits at the balance sheet date were as follows:<br />
GROUP<br />
<strong>2004</strong> 2003<br />
% %<br />
Deposits with licensed banks 3.00 3.00<br />
The average maturities of deposits as at the end of the financial year were 30 days (2003: 19 days).<br />
12. BORROWINGS<br />
Short Term Borrowings<br />
GROUP<br />
<strong>2004</strong> 2003<br />
RM'000 RM'000<br />
Secured:<br />
Bank overdrafts - 8,991<br />
Revolving credit - 3,000<br />
Bankers' acceptances - 94,760<br />
Trust receipts - 13,390<br />
Term loans - 5,825<br />
Hire purchase payables (Note 13) 132 558<br />
132 126,524<br />
Unsecured:<br />
Bank overdrafts - 3,001<br />
Bankers' acceptances 181,843 40,246<br />
Trust receipts - 4,266<br />
On shore foreign currency loan 4,745 -<br />
Total unsecured 186,588 47,513<br />
Less: Bank overdrafts (Note 11) - (11,992)<br />
Long Term Borrowings<br />
186,720 162,045<br />
Secured:<br />
Term loans - 14,000<br />
Hire purchase payables (Note 13) - 132<br />
- 14,132<br />
40 HIAP TECK VENTURE BERHAD