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Notes to the Financial Statementfor the financial year ended 31st March, 2009USD Rs. USD Rs.2009 2009 2008 20085. INVESTMENTUnquoted equity investmentsAt the beginning of the year 1,881,124 87,378,210 1,720,349 69,037,605Addition during the year 38,653 1,795,432 160,775 6,451,9011,919,777 89,173,642 1,881,124 75,489,506The above available-for-sale financial assets represent 19% beneficial interest in Myanmar Tractors Limited, a related company incorporatedunder the laws of Myanmar.The carrying amounts of available-for-sale financial assets approximate their fair value and are denominated in United States dollars.6. CASH AND CASH EQUIVALENTSCash at banks 328,181 15,244,007 271,956 10,913,594Fixed deposits 7,200,000 320,544,000 - -7,528,181 335,788,007 271,956 10,913,594The carrying amounts of cash and cash equivalents approximate their fair value. Fixed deposits had a maturity of 1 year at weighted averageeffective interest rate of 4.6%For the pupose of cash flow statement, the year end cash and cash equivalents comprise the following;Cash at Banks 7,528,181 349,684,007 271,956 10,913,594Bank Overdrafts(secured) - - (2,184,436) (87,661,417)Placement of Fixed Deposits (7,200,000) (334,440,000) - -328,181 15,244,007 (1,912,480) (76,747,822)Less: Pledged fixed deposit - - -Cash and cash equivalents per cash flow statement 328,181 15,244,007 (1,912,480) (76,747,822)The bank overdraft as at 31st March, 2008 was secured as disclosed in Note 19. Interest on the bank overdraft was charged at averageinterest rate of 9.0% per annum.The company’s cash and cash equivalents are denominated in the following currencies:United States dollar 7,456,877 346,371,937 71,502 2,869,375Singapore dollar 71,304 3,312,071 200,454 8,044,2197,528,181 349,684,007 271,956 10,913,5947. TRADE RECEIVABLESTrade debtors 780,400 36,249,580 9,533,494 382,579,114GST receivable 115,060 5,344,537 217,158 8,714,551895,460 41,594,117 9,750,652 391,293,665Trade receivables are non-interest bearing and credit terms are in accordance with the contracts or agreements with the customers.Trade receivables are recognised at their original invoiced amounts which represent their fair values on initial recognition. The trade receivablesare considered to be of short duration and are not discounted.The carrying amount of trade receivables approximate their fair values and are denominated in the following currencies:Euro 214,507 9,963,850 - -United States dollar 565,893 26,285,730 9,533,494 382,579,114Singapore dollar 115,060 5,344,537 217,158 8,714,551895,460 41,594,117 9,750,652 391,293,665