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206
Gamuda Berhad (29579-T) • Annual Report 2012
27.
Cash and bank balances
Group
Company
2012
2011
2012
2011
RM’000
RM’000
RM’000
RM’000
Cash on hand and at banks
61,412
50,694
4,500
8,333
housing Development Accounts
439,361
290,553
-
-
Total cash on hand and at banks
500,773
341,247
4,500
8,333
Deposits with licensed banks
395,428
438,414
109,628
41,604
Investment in unit trusts
441,154
269,307
14,314
21,769
1,337,355
1,048,968
128,442
71,706
Included in total cash on hand and at banks of the Group is an amount of RM439,361,000 (2011: RM290,553,000)
which are housing Development Accounts held pursuant to Section 7A of the housing Development (Control and
Licensing) Act 1966 and therefore restricted from use in other operations.
The investment in unit trusts is a scheme that invests in fixed deposit placements which allows prompt redemption
at any time.
The weighted average effective interest rates of deposits as at reporting date was as follows:
Group
Company
2012
2011
2012
2011
%
%
%
%
Licensed banks
Malaysia - RM
2.88
2.81
3.01
3.25
- USD
0.58
0.23
0.58
0.23
qatar
2.50
2.52
-
3.40
Vietnam
12.02
12.75
-
-
The range of maturities of deposits as at reporting date were as follows:
Group
Company
2012
2011
2012
2011
Days
Days
Days
Days
Licensed banks
2 - 356
1 - 270
1 - 33
21 - 184
NoTES To ThE FINANCIAL STATEMENTS
31 July 2012