Sasbadi Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 105 ANNUAL REPORT 2017 9. Trade and other receivables (continued) 9.1 Amount due from subsidiaries Amount due from subsidiaries is non-trade in nature, unsecured, interest free and repayable on demand. 9.2 Other receivables and deposits Included in other receivables and deposits of the Group in the previous financial year was RM52,000 paid to a third party for the proposed acquisition of two (2) units of retail lots, each measuring 2,260 square feet held on a leasehold master title. This transaction was completed during the current financial year. 10. Cash and cash equivalents Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Cash and bank balances 9,538 15,017 97 4,891 Short term funds - 10,199 - - Deposits placed with licensed banks 708 669 - - 10,246 25,885 97 4,891 10.1 Short term funds Short term funds of the Group in the previous year represented placement with a short term money market fund which was redeemable with one (1) day notice. 10.2 Pledged deposits Included in the deposits placed with a licensed bank of the Group is RM648,000 (2016: RM648,000) pledged for bank facilities granted to certain subsidiaries.