UEM EDGENTA BERHAD
2016 ANNUAL REPORT
24. CASH, BANK BALANCES AND DEPOSITS
Cash in hand and at banks
– licensed banks
– other financial institutions
(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.