FGV Annual Report 2012

91 F i n a n c i a l S t a t e m e n t s 2 0 1 2 P e n y a t a K e w a n g a n 31 CASH AND CASH EQUIVALENTS Group Company 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 Fixed deposits in: Licensed banks 722,734 1,290,647 60 123,766 Licensed financial institutions 4,742,038 216,350 4,179,552 335,534 5,464,772 1,506,997 4,179,612 459,300 Cash and bank balances 223,600 271,133 4,093 712 5,688,372 1,778,130 4,183,705 460,012 Less: Fixed deposits pledged (15,369) (320,646) – (305,067) Cash and cash equivalents 5,673,003 1,457,484 4,183,705 154,945 Included in fixed deposits is an amount of RM15,369,000 (2011: RM320,646,000) and RM Nil (2011: RM305,067,000) for the Group and Company respectively which has been pledged to a bank as security for bank guarantees granted to a subsidiary. Credit rating profiles of banks in which the fixed deposits have been placed are as follows: Group Company 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 – AAA 1,603,456 674,204 1,304,306 416,700 – AA– 16,659 155,229 – 12,133 – AA2 527,395 180,000 490,621 – – A1 1,087,086 314,399 435,125 – – A2 496 47,211 – 30,467 – A3 455,063 – 354,257 – – Others* 1,774,617 135,954 1,595,303 – 5,464,772 1,506,997 4,179,612 459,300 * Others comprises of funds which are invested in Government approved financial institutions regulated by the Bank Negara of Malaysia. The fixed deposits, cash and bank balances are denominated as follows: Group Company 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 5,596,818 1,433,228 4,183,705 429,545 United States Dollar 56,987 241,929 – 30,467 Canadian Dollar 32,697 102,972 – – Indonesian Rupiah 1,870 1 – – 5,688,372 1,778,130 4,183,705 460,012