Wah Seong Corporation Berhad Annual Report 2020

95 ANNUAL REPORT 2020 Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Represented by: TIME DEPOSITS 21 83,883 52,765 5,948 5,323 CASH AND BANK BALANCES 22 155,647 94,700 772 1,260 239,530 147,465 6,720 6,583 LESS: TIME DEPOSITS WITH MATURITY MORE THAN 3 MONTHS 21 (23,362) (22,670) - - SHORT TERM INVESTMENTS 21 (642) (623) (642) (623) CASH AND CASH EQUIVALENTS 215,526 124,172 6,078 5,960 * Proceeds from disposal of investment properties amounting to RM14,105,000 received in the financial year ended 31 December 2020 relates to the disposal in prior financial year. STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020