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UEM EDGENTA BERHAD

2016 ANNUAL REPORT

ABOUT

UEM EDGENTA

STRIVING

FOR GROWTH

PERFORMANCE

REVIEW

CORPORATE

FRAMEWORK

LEADERSHIP

SUSTAINABILITY

STATEMENT

TRANSPARENCY

FINANCIAL

REVIEW

ACCOUNTABILITY

24. CASH, BANK BALANCES AND DEPOSITS

Group

Company

2016

RM’000

2015

RM’000

2016

RM’000

2015

RM’000

Cash in hand and at banks

245,017

161,338

5,417

6,356

Deposits with:

– licensed banks

334,993

351,165

80,724

15,938

– other financial institutions

60,000

40,111

640,010

552,614

86,141

22,294

(a) Included in cash at bank of the Group are amounts of RM55.1 million (2015: RM37.9 million) held pursuant to

Section 7A of the Housing Development (Control and Licensing) Act 1966 and Section 8A of the Housing

Development Account (Control and Licensing) Sabah Act, 1978 and are restricted for use in other operations.

(b) Deposits with licensed banks of the Group amounting to RM16.0 million (2015: RM16.5 million) are on lien for bank

guarantee facilities granted to certain subsidiaries. As at 31 December 2016, the subsidiaries have utilised

guarantee facilities amounting to RM13.7 million (2015: RM13.3 million).

(c) Deposits with licensed banks amounting to RM4.8 million (2015: RM0.4 million) are pledged to secure certain

facilities granted to the Group.

(d) Deposits with licensed banks of the Company amounting to RM61.6 million (2015: nil) are pledged as securities

for bank borrowing granted to a foreign subsidiary.

Other information on financial risks of cash, bank balances and deposits are disclosed in Note 41.