FINANCIAL STATEMENTS (continued) 104 16. CASH AND CASH EQUIVALENTS Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Cash and bank balances 9,486 6,615 57 52 Deposits placed with licensed banks 892 1,569 - - As reported in the statements of financial position 10,378 8,184 57 52 Less: Deposits pledged (778) (1,131) - - Less: Bank overdraft (6,024) (8,776) - - Cash and cash equivalents included in the statements of cash flows 3,576 (1,723) 57 52 (a) Included in the deposits placed with a licensed bank of the Group is RM778,000 (2021: RM1,131,000) 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 with licensed banks of the Group as at the end of each reporting period are as follows: Group 2022 2021 Fixed rates 1.79% 1.61% 17. SHARE CAPITAL AND RESERVES (a) Share capital Group and Company 2022 2021 Number Number of shares ’000 RM’000 of shares ’000 RM’000 Issued and fully paid up ordinary shares with no par value As at 1 September 424,175 109,073 419,100 108,210 Issuance pursuant to ESOS exercised 410 65 5,075 863 As at 31 August 424,585 109,138 424,175 109,073 104 SASBADI HOLDINGS BERHAD
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