Frontken Berhad Annual Report 2020

Annual Report 2020 113 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) Notes to the Financial Statements (cont’d) 19. SHORT-TERM INVESTMENTS The Group The Company 2020 2019 2020 2019 RM RM RM RM Unit trust 8,332,527 10,684,259 3,302,234 9,219,642 Fair value 8,332,527 10,684,259 3,302,234 9,219,642 20. FIXED DEPOSITS WITH LICENSED BANKS Fixed deposits with licensed banks of the Group at the end of the reporting period bore effective interest rates ranging from 0.25% to 2.10% (2019: 0.25% to 3.35%) per annum. The fixed deposits of the Group have maturity periods ranging from 90 to 365 days (2019: 30 to 365 days). The fixed deposits of the Group amounting to RM468,703 (2019: RM2,068,434) are pledged to licensed banks as security for banking facilities granted to the Group as disclosed in Note 26 to the financial statements. 21. SHARE CAPITAL The Group/The Company 2020 2019 2020 2019 Number of Shares RM RM Issued and fully paid-up At 1 January/31 December 1,053,435,130 1,053,435,130 118,925,352 118,925,352 The holders of ordinary shares (except treasury shares) are entitled to receive dividends as and when declared by the Company and are entitled to one vote per ordinary share at meetings of the Company. The ordinary shares have no par value. 22. TREASURY SHARES During the financial year, the Company did not purchase its issued ordinary shares from the open market. The shares purchased are being held as treasury shares in accordance with Section 127(6) of the Companies Act 2016 and are presented as a deduction from total equity. As at 31 December 2020, the Company held 5,466,600 (2019: 5,466,600) treasury shares at a carrying amount of RM663,237 (2019: RM663,237). As at 31 December 2020, the number of outstanding ordinary shares in issue after the set-off of 5,466,600 (2019: 5,466,600) treasury shares held by the Company is 1,047,968,530 (2019: 1,047,968,530) ordinary shares.