FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 298 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 35 DEPOSITS, CASH AND BANK BALANCES Group Company 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Fixed deposits in: - Licensed banks 861,168 1,169,867 38,118 505,665 - Licensed financial institutions 450,658 735,926 36,367 618 1,311,826 1,905,793 74,485 506,283 Cash and bank balances 542,228 597,242 4,712 1,389 Deposits, cash and bank balances 1,854,054 2,503,035 79,197 507,672 Less: Restricted cash - (494,496) - (494,496) Cash and cash equivalents 1,854,054 2,008,539 79,197 13,176 Restricted cash of RM494,496,000 as at 31 December 2015 was in relation to cash pledged in order to obtain certain bank facilities. The credit rating profiles of banks in which the fixed deposits have been placed are as follows: Group Company 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 - AAA 948,075 1,487,600 58,649 506,054 - AA- 1,000 1,000 - - - AA2 268,318 367,480 15,836 174 - AA3 879 1,580 - - - A2 49,178 45,023 - 55 - Others* 44,376 3,110 - 1,311,826 1,905,793 74,485 506,283 * Others comprises of funds which are invested in Government approved financial institutions regulated by the Bank Negara of Malaysia.