FGV Annual Report 2014

34 Cash and Cash Equivalents Group Company 2014 2013 2014 2013 RM’000 RM’000 (Restated) RM’000 RM’000 Fixed deposits in: – Licensed banks 1,852,171 2,149,268 17,000 2,661 – Licensed financial institutions 1,027,606 2,482,971 479,430 1,898,012 2,879,777 4,632,239 496,430 1,900,673 Cash and bank balances 793,638 396,747 132,689 1,790 Deposits, cash and bank balances 3,673,415 5,028,986 629,119 1,902,463 Less: Restricted cash (111,592) – (111,592) – Cash and cash equivalents 3,561,823 5,028,986 517,527 1,902,463 Restricted cash relates to cash held in an escrow account amounting to RM111,592,000 (2013: Nil) for the purpose of an acquisition of a subsidiary. The credit rating profiles of banks in which the fixed deposits have been placed are as follows: Group Company 2014 2013 2014 2013 RM’000 RM’000 (Restated) RM’000 RM’000 – AAA 1,258,966 2,190,545 45,314 874,429 – AA+ 37,000 – – – – AA- 1,000 1,000 – – – AA1 2,123 11,485 – – – AA2 804,633 1,063,621 80,081 157,931 – AA3 16,913 – – – – A1 6,429 225,659 – – – A2 701,682 1,050,368 341,035 868,313 – Others* 51,031 89,561 30,000 – 2,879,777 4,632,239 496,430 1,900,673 * Others comprises of funds which are invested in Government approved financial institutions regulated by the Bank Negara of Malaysia. Introduction Performance Highlights About FGV Reports Financial Statements Others Strategy and Value Creation Performance Review & Progress Foreword to Shareholders Annual General Meeting Annual Report 2014 pg 291