L a p o r a n T a h u n a n 2 0 0 0 A n n u a l R e p o r t - ChartNexus

Notes to the Financial Statements (continued)For the financial period of seventeen months ended 31 December 200019 DEPOSITS, BANK AND CASH BALANCESGroupCompany31.12.2000 31.7.1999 31.12.2000 31.7.1999RM RM RM RMDeposits with licensed banks 1,255,005 6,307,584 – 6,307,584Bank and cash balances 1,977,113 3,731,669 431,323 3,475,807Bank balances under HousingDevelopment Account 3,944,223 1,861,510 – –7,176,341 11,900,763 431,323 9,783,391The subsidiary companies’ bank balances under Housing Development Account are not freely remissible to theholding company.20 TRADE AND OTHER PAYABLESGroupCompany31.12.2000 31.7.1999 31.12.2000 31.7.1999RM RM RM RMTrade payables 19,502,314 14,940,836 – –Amount due to customer on contracts(Note 24) 1,956,664 – – –Amount due to related companies 484,072 25,211 98,178 25,211Accruals 13,965,959 9,710,284 674,031 1,108,840Other payables 2,999,792 6,778,793 224,696 3,659,32838,908,801 31,455,124 996,905 4,793,37921 SHORT TERM BANK BORROWINGSSecuredGroup31.12.2000 31.7.1999RMRMRevolving credit 130,550,000 –Bank overdraft 11,394,555 –Bridging loan 1,659,951 –Unsecured143,604,506 –Revolving credit – 55,999,876Bank overdraft – 9,469,516– 65,469,392143,604,506 65,469,392The short term bank borrowings are secured by the following:Group31.12.2000 31.7.1999RMRMProperty, plant and equipment (Note 10) 2,363,554 –Completed properties (Note 16) 18,470,830 –Development properties (Note 17) 116,150,918 –136,985,302 –58