FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 292 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 37 DEPOSITS, CASH AND BANK BALANCES Group Company 31.12.2018 RM’000 31.12.2017 RM’000 1.1.2017 RM’000 31.12.2018 RM’000 31.12.2017 RM’000 1.1.2017 RM’000 Fixed deposits in: - Licensed banks 558,944 1,182,545 861,168 534 11,609 38,118 - Licensed financial institutions 28,470 144,155 450,658 - 29,230 36,367 587,414 1,326,700 1,311,826 534 40,839 74,485 Cash and bank balances 632,937 413,958 542,228 12,143 7,033 4,712 Deposits, cash and bank balances 1,220,351 1,740,658 1,854,054 12,677 47,872 79,197 Less: Restricted cash (124,344) (47,340) - - - - Cash and cash equivalents 1,096,007 1,693,318 1,854,054 12,677 47,872 79,197 Restricted cash of RM124,344,000 (31.12.2017: RM47,340,000; 1.1.2017: Nil) relates 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 31.12.2018 RM’000 31.12.2017 RM’000 1.1.2017 RM’000 31.12.2018 RM’000 31.12.2017 RM’000 1.1.2017 RM’000 - AAA 556,333 942,668 948,075 534 35,910 58,649 - AA- - 1,000 1,000 - - - - AA2 - 83,365 268,318 - - 15,836 - AA3 879 5,925 879 - - - - A2 30,202 254,249 49,178 - 4,929 - - Others* - 39,493 44,376 - - - 587,414 1,326,700 1,311,826 534 40,839 74,485 * Others comprises of funds which are invested in Government approved financial institutions regulated by the Bank Negara of Malaysia.