FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 293 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 37 DEPOSITS, CASH AND BANK BALANCES (CONTINUED) The fixed deposits, cash and bank balances are denominated 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 Ringgit Malaysia 1,066,138 1,535,172 1,624,564 9,594 35,412 41,583 United States Dollar 125,439 174,474 171,302 - - - Canadian Dollar 3,023 12,399 37,585 3,023 12,399 37,585 Indonesian Rupiah 7,925 9,910 9,073 - - - Pakistan Rupees 10,646 2,338 3,642 - - - Great Britain Pound 237 184 91 60 61 29 Others 6,943 6,181 7,797 - - - 1,220,351 1,740,658 1,854,054 12,677 47,872 79,197 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 31.12.2018 % 31.12.2017 % 1.1.2017 % 31.12.2018 % 31.12.2017 % 1.1.2017 % - Licensed banks 2.73 2.94 3.01 0.89 0.53 0.25 - Licensed financial institutions 2.79 3.43 3.35 3.41 3.53 3.42 Fixed deposits as at 31 December 2018 for the Group and for the Company have average maturity periods of 59 days (31.12.2017: 60 days) and 30 days (1.1.2017: 30 days) respectively. Cash and bank balances are deposits held at call with banks.