Eng - IOI Group

notestothefinancialstatements cont’d36 CASH AND CASH EQUIVALENTSCash and cash equivalents at end of financial year comprise:In RM’000GroupCompany2003 2002 2003 2002Short term funds 44,649 61,641 - -Deposits with financial institutions 218,659 216,632 41,382 1,137Cash and bank balances 236,524 201,853 324 489Bank overdrafts (12,148) (27,600) (875) (11,162)487,684 452,526 40,831 (9,536)Less: Deposits with financial institutions (pledged) (1,000) (1,000) (1,000) (1,000)Cash and cash equivalents 486,684 451,526 39,831 (10,536)The Group has undrawn borrowing facilities of RM634,893,000 (2002 - RM581,420,000) at end of the financial year.37 SIGNIFICANT RELATED PARTY DISCLOSURESIdentity of Related PartiesabThe Company has a controlling related party relationship with its direct and indirect subsidiaries as disclosedin the financial statements.The Group also has related party relationships with the Company’s largest corporate shareholder, itsassociates, certain directors and key management personnel of the Company and its subsidiaries andassociates and the close family members of these directors and key personnel. The related parties are asfollows:Corporate shareholder of the CompanyProgressive Holdings Sdn Bhd and its related companiesAssociatesIOI Corporation BerhadAnnual Report 2003198Continental Estates Sdn BhdReka Halus Sdn BhdPerumahan Abadi Sdn BhdFatty Chemical (Malaysia) Sdn Bhd *Koa Plasticizer (Malaysia) Sdn Bhd *Malaysia Pakistan Venture Sdn Bhd ** Associates of Palmco Holdings Berhad