BiotechCorp Annual Report 2007 - Malaysian Biotechnology ...

76
(Company No.691431-D)
16. Financial instruments (continued)
Effective interest rates and repricing analysis
The following table indicates the effective interest rates at the balance sheet date and the year in which they reprice or
mature, whichever is earlier.
2007
Financial asset
Effective
interest Within
rates Total 1 year
% RM RM
Deposits placed with licensed
financial institutions 3.10 to 3.80 116,133,004 116,133,004
2006
Financial asset
Deposits placed with licensed
financial institutions 3.10 to 3.88 56,808,000 56,808,000
Fair values
Recognised financial instruments
At the balance sheet date, the carrying amount of cash and cash equivalents, other receivables, deposits and prepayments,
other payables and accruals approximate their fair value due to the relatively short term nature of these financial
instruments.
Unrecognised financial instruments
There are no unrecognised financial instruments at the balance sheet date.