ENRA Group Berhad Annual Report 2019

109 ENRA GROUP BERHAD ∞ Annual Report 2019 page Notes to the Financial Statement 31 March 2019 16. CASH AND BANK BALANCES AND SHORT TERM FUNDS (cont’d) (e) The currency exposure profile of cash and bank balances and short term funds are as follows: Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Ringgit Malaysia 25,447 43,494 15,091 10,110 US Dollar 2,427 995 - - Australian Dollar 1,972 - - - British Pound 96 1,676 - - Singapore Dollar 23 24 - - 29,965 46,189 15,091 10,110 (f) No expected credit losses were recognised arising from the deposits with financial institutions because the probability of default by these institution were negligible. (g) For the purpose of the statements of cash flows, cash and cash equivalents comprise the following as at the end of each reporting period: Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Cash and bank balances Fixed deposits with licensed banks 14,604 7,026 8,089 2,799 Cash and bank balances 9,125 19,075 766 7,294 Short term funds 6,236 20,088 6,236 17 As reported in statements of financial position 29,965 46,189 15,091 10,110 Less: Bank overdrafts (Note 24) (683) (18,421) - (18,421) Fixed deposits pledged to licensed banks (6,446) (5,798) - (1,799) As reported in statements of cash flows 22,836 21,970 15,091 (10,110)