DELEUM BERHAD UNISON IN DIVERSITY - ChartNexus

96 Unison in Diversity
Notes to the Financial Statements (continued)
31 December 2009
23 CASH AND CASH EQUIVALENTS
Group Company
2009 2008 2009 2008
RM RM RM RM
Deposits with licensed banks 47,576,342 21,328,771 8,998,584 11,998,591
Cash and bank balances 13,946,282 14,716,504 198,456 168,762
61,522,624 36,045,275 9,197,040 12,167,353
Less:
Cash held in trust for dividends (44,449) 0 0 0
Cash held in a designated account (500,592) 0 0 0
The currency exposure profile of deposits, cash and bank balances is as follows:
60,977,583 36,045,275 9,197,040 12,167,353
Group Company
2009 2008 2009 2008
RM RM RM RM
- Ringgit Malaysia 60,795,447 32,712,916 9,197,040 12,167,353
- US Dollar 727,177 3,224,725 0 0
- Others 0 107,634 0 0
61,522,624 36,045,275 9,197,040 12,167,353
The average interest rates of deposits ranged between 1.1% to 2.5% (2008: 2.35% to 2.8%) for the Group and the
Company.
Deposits of the Group and the Company have an average maturity period of 8 days (2008: 18 days) and 5 days (2008:
23 days) respectively. Bank balances are deposits held at call with banks and earn no interest.
Cash held in a designated account is required by the terms of the term loan undertaken by a subsidiary company (Note
25).
The fair values of deposits, bank and cash balances approximate the carrying values.