285 SECTION 6 FINANCIAL STATEMENTS INTEGRATED ANNUAL REPORT 2025 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 18 TIME DEPOSITS Group Company 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Short term investment placed with a licensed bank in Malaysia 60,030 14,970 60,030 14,970 Time deposits placed with licensed banks in Malaysia 142,731 75,012 718 10,703 Time deposits with maturity more than 3 months - 21,474 - - 202,761 111,456 60,748 25,673 As at 31 December 2025 and 31 December 2024, the Group and the Company have no exposure to foreign currency risk for time deposits and short term investments. The effective interest rates of time deposits of the Group and the Company are as follows: Group Company 2025 % 2024 % 2025 % 2024 % Time deposits 1.30 - 3.31 1.20 - 3.50 2.35 - 2.45 2.65 - 3.50 19 CASH AND BANK BALANCES Group Company 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Cash and bank balances 197,913 241,048 4,443 12,659 Cash and bank balances are deposits held at call with banks and earn no interest. Cash and cash equivalents Cash and cash equivalents comprise cash on hand, deposits held at call with financial institutions, other short term, highly liquid investments with original maturities of 3 months or less that are readily convertible to known amounts of cash and which are subject to insignificant risk of changes in value. For the purpose of the statements of cash flows, cash and cash equivalents are presented net of bank overdrafts and exclude fixed deposits pledged to secure banking facilities.
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