Sasbadi Annual Report 2020

109 ANNUAL REPORT 2020 FINANCIAL STATEMENTS (continued) 14. Cash and cash equivalents Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Cash and bank balances 5,485 6,710 47 24 Deposits placed with licensed banks 14.1 745 733 - - 6,230 7,443 47 24 14.1 Pledged deposits Included in the deposits placed with a licensed bank of the Group is RM631,000 (2019: RM621,000) pledged for bank facilities granted to certain subsidiaries. 15. Asset classified as held for sale On 17 August 2020, the Group entered into a Sale and Purchase Agreement for the sale of leasehold land and building for a total consideration of RM7,150,000. Accordingly, the asset is reclassified to asset held for sale. At 31 August 2020, the asset was stated at cost less accumulated depreciation and impairment loss at the date of reclassification. Group Note 2020 2019 RM’000 RM’000 Cost 3 7,769 - Accumulated depreciation 3 (426) - Accumulated impairment loss 3 (345) - 6,998 - As at 31 August 2020, the asset was charged to banks as security for banking facilities granted to the Group (see Note 17). 16. Capital and reserves 16.1 Share capital Group and Company Number of shares Amount Number of shares Amount 2020 2020 2019 2019 ’000 RM’000 ’000 RM’000 Issued and fully paid shares with no par value classified as equity instruments: Ordinary shares 419,100 108,210 419,100 108,210 Ordinary shares The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of the Company.