FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 281 34 CASH AND CASH EQUIVALENTS (CONT’D.) The credit rating profiles of banks in which the fixed deposits have been placed are as follows: Group Company 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 - AAA 2,190,545 1,603,456 874,429 1,304,306 - AA- 1,000 16,659 - - - AA1 11,485 - - - - AA2 1,063,621 527,395 157,931 490,621 - A1 225,659 1,087,086 - 435,125 - A2 1,050,368 496 868,313 - - A3 - 455,063 - 354,257 - Others* 89,561 1,774,617 - 1,595,303 4,632,239 5,464,772 1,900,673 4,179,612 * 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 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 4,888,000 5,596,818 1,902,463 4,183,705 United States Dollar 107,515 56,987 - - Canadian Dollar 22,998 32,697 - - Indonesian Rupiah 7,269 1,870 - - Others 3,091 - - - 5,028,873 5,688,372 1,902,463 4,183,705 The weighted average finance rates (per annum) of fixed deposits and bank balances that were effective at the financial year end were as follows: Group Company 2013 2012 2013 2012 % % % % - Licensed banks 1.94 1.98 2.88 1.80 - Licensed financial institutions 2.55 2.46 3.15 3.15 Fixed deposits as at 31 December 2013 for the Group and Company have average maturity periods of 90 days (2012: 90 days) and 90 days (2012: 90 days) respectively. Cash and bank balances are deposits held at call with banks.