TANJUNG OFFSHORE BERHAD
TANJUNG OFFSHORE BERHAD
TANJUNG OFFSHORE BERHAD
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NOTES TO THE FINANCIAL STATEMENTS<br />
31 DECEMBER 2009<br />
12. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS<br />
89<br />
<strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U)<br />
ANNUAL REPORT 2009<br />
GROUP COMPANY<br />
2009 2008 2009 2008<br />
RM RM RM RM<br />
Deposits 1,620,546 1,279,827 - -<br />
Prepayments 23,191,575 15,720,141 - -<br />
Others 12,857,991 9,656,761 3,778,271 3,792,036<br />
End of the year 37,670,112 26,656,729 3,778,271 3,792,036<br />
13. CASH AND CASH EQUIVALENTS<br />
GROUP COMPANY<br />
2009 2008 2009 2008<br />
RM RM RM RM<br />
Cash and cash balances 31,293,432 19,819,930 23,077,860 5,522,323<br />
Fixed deposits with licensed banks 6,975,931 56,872,988 3,443,350 54,421,434<br />
38,269,363 76,692,918 26,521,210 59,943,757<br />
Included in the Group and the Company’s fi xed deposits with licensed banks amounting to RM6,975,931 (2008: RM49,096,329),<br />
the use of which is restricted for the purpose of fi nancing the capital expenditure.<br />
Included also in the Group and the Company’s fi xed deposits with licensed banks amounting to RM2,433,953 (2008:<br />
RM7,714,874) and RM2,433,953 (2008: RM5,325,105) respectively are pledged as security for the other banking facilities.<br />
14. TRADE PAYABLES<br />
The currency exposure profi le of trade payables are as follows:-<br />
GROUP 2009 2008<br />
RM RM<br />
Ringgit Malaysia 120,590,543 125,434,700<br />
Other foreign currency 6,238,739 23,396,172<br />
End of the year 126,829,282 148,830,872<br />
The credit term of trade payables are ranging from 30 to 45 days.
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