16. CASH AND CASH EQUIVALENTS Group Company 2024 2023 2024 2023 RM9000 RM9000 RM9000 RM9000 Cash and bank balances 10,203 10,999 29 92 Deposits placed with licensed banks 777 641 - - As reported in the statements of financial position 10,980 11,640 29 92 Less: Deposits pledged (665) (528) - - Less: Bank overdraft (158) (33) - - Cash and cash equivalents included in the statements of cash flows 10,157 11,079 29 92 (a) Included in the deposits placed with a licensed bank of the Group is RM528,000 (2023: RM528,000) pledged for bank facilities granted to certain subsidiaries (Note 18). (b) Cash and cash equivalents are denominated in Ringgit Malaysia. (c) As at the end of the reporting period, the maximum credit risk exposure is equivalent to the carrying amount of cash and cash equivalents of the Group. No expected credit losses were recognised arising from the deposits with these banks and financial institutions because the probability of default by these financial institutions were negligible. (d) Weighted average effective interest rate of deposits pledged with licensed banks of the Group as at the end of each reporting period are as follows: Group 2024 2023 Fixed rate 2.29% 2.32% 17. SHARE CAPITAL AND RESERVES (a) Share capital Group and Company 2024 2023 Number Number of shares 9000 RM9000 of shares 9000 RM9000 Issued and fully paid up ordinary shares with no par value Balance as at 1 September 2023/2022 433,355 110,379 424,585 109,138 Issuance pursuant to ESOS exercised 2,780 389 8,770 1,241 Balance as at 31 August 436,135 110,768 433,355 110,379 Responsible Corpor-|; bঞ;mv_br Integrity & Honesty Accountable P-u|m;uv_br Excellence & Inno-ঞom Financial Statements (continued) 123
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