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118<br />
SapuraCrest Petroleum Berhad<br />
Annual Report 2010<br />
noteS to the FinAnCiAl StAtementS<br />
31 January 2010<br />
22. Due FRom CuStomeRS on ContRACtS<br />
group<br />
2010 2009<br />
Rm’000 Rm’000<br />
Construction contract costs incurred to date 4,031,126 4,040,851<br />
Attributable profits 233,196 208,885<br />
4,264,322 4,249,736<br />
Less: Progress billings (3,770,499) (3,510,967)<br />
Due from customers on contracts (Note 21) 493,823 738,769<br />
Retention sums on contracts, included within trade receivables (Note 21) — 25,846<br />
The costs incurred to date on construction contracts include the following charges made during the financial year:<br />
group<br />
2010 2009<br />
Rm’000 Rm’000<br />
Hire of barges and vessels and operational equipment 633,333 730,139<br />
Depreciation of property, plant and equipment 2,408 1,110<br />
Interest expense 111 1,999<br />
Rental expense for buildings 3,775 5,523<br />
23. CASh AnD CASh equivAlentS<br />
group Company<br />
2010 2009 2010 2009<br />
Rm’000 Rm’000 Rm’000 Rm’000<br />
Cash on hand and at banks 411,859 386,162 203 88<br />
Deposits with licensed banks 463,392 207,376 450 1,960<br />
Cash and bank balances 875,251 593,538 653 2,048<br />
Less: Bank overdrafts (Note 28) — (3,154) — (2,562)<br />
Cash and cash equivalents 875,251 590,384 653 (514)<br />
Deposits with licensed banks of the Group amounting to RM14,054,635 (2009: RM9,731,016) are pledged as securities for credit<br />
facilities granted to certain subsidiaries.
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