Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 166 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 30. CASH FLOW INFORMATION (CONT’D) (b) The cash and cash equivalents comprise the following: The Group The Company 2022 2021 2022 2021 RM RM RM RM Cash and bank balances 317,358,590 249,621,250 2,775,298 9,837,068 Fixed deposits with licensed banks 13,161,038 14,008,250 - - Short-term investments - unit trust 9,082,437 51,737,748 7,501,407 48,643,961 339,602,065 315,367,248 10,276,705 58,481,029 Less: Fixed deposits pledged with licensed banks (509,269) (478,265) - - Less: Fixed deposits with maturity period more than 3 months (11,651,769) (12,529,985) - - Cash and cash equivalents 327,441,027 302,358,998 10,276,705 58,481,029 The total cash outflows for leases as a lessee are as follows: The Group The Company 2022 2021 2022 2021 RM RM RM RM Payment of short-term leases 2,036,629 2,286,936 102,120 102,120 Payment of low value assets 92,514 31,200 - - Interest paid on lease liabilities 804,827 614,836 - - Payment of lease liabilities 3,023,873 3,191,224 - - 5,957,843 6,124,196 102,120 102,120 31. FOREIGN EXCHANGE RATES The principal closing foreign exchange rates used (expressed on the basis of one unit of foreign currency to Ringgit Malaysia equivalent) for the translation of foreign currency balances at the end of the reporting period are as follows: The Group/The Company 2022 2022 RM RM Singapore Dollar 3.29 3.09 United States Dollar 4.42 4.18 Philippine Peso 0.08 0.08 New Taiwan Dollar 0.14 0.15 Euro 4.71 4.73 Great Britain Pound 5.33 5.64 Indonesian Rupiah 0.00028 0.00029
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