Wah Seong Corporation Berhad Annual Report 2019

92 WAH SEONG CORPORATION BERHAD Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Represented by: TIME DEPOSITS 22 52,765 76,373 5,323 9,109 CASH AND BANK BALANCES 23 94,700 156,363 1,260 854 147,465 232,736 6,583 9,963 LESS: TIME DEPOSITS WITH MATURITY MORE THAN 3 MONTHS 22 (22,670) (16,868) - - SHORT TERM INVESTMENTS 22 (623) (609) (623) (609) CASH AND CASH EQUIVALENTS 124,172 215,259 5,960 9,354 * Proceeds from disposal of property, plant and equipment and prepaid lease payments amounting to RM55,890,000 and RM87,110,000 respectively received in the financial year ended 31 December 2018 relates to the disposal in prior financial year. STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019