cover rationale - ChartNexus

NOTES TO THE FINANCIAL STATEMENTS 31 AUGUST 2002 (CONTINUED)
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22 MARKETABLE SECURITIES
MALAYSIAN RESOURCES CORPORATION BERHAD
Group Company
2002 2001 2002 2001
RM'000 RM'000 RM'000 RM'000
Shares in corporations, quoted in Malaysia
- At cost 290 290 - -
Market value of quoted shares 425 616 - -
23 BANK BALANCES AND DEPOSITS
Deposits with licensed banks 205,145 318,082 16,600 4,200
Deposits with finance companies 4,440 3,120 - -
Cash held under Housing Development
Accounts 10,333 2,087 - -
Cash and bank balances 14,771 11,400 1,240 1,361
234,689 334,689 17,840 5,561
Included in the Group’s cash and bank balances and deposits with licensed banks and
finance companies are restricted monies amounting to RM173,382,000 (2001:
RM275,099,000) (Note 34) representing:
- collateral pledged with licensed banks and finance companies by subsidiaries for credit
facilities granted and bank guarantee facilities issued to third parties.
- proceeds from the issue of Bonds by a subsidiary which has been channelled to
Designated Accounts less permitted withdrawals relating to the Kuala Lumpur central
railway station development project as provided under the terms and conditions of the
Project Account Agreement (Note 28).
- first memorandum of deposit of fixed deposits of a subsidiary held as security for the
term loan facility and guarantee facility (Notes 29 and 36).
Cash held under Housing Development Accounts represents receipts from purchasers of
residential properties less payments or withdrawals provided under the Housing Developers
(Control and Licensing) Act, 1966.