annual report - Tenaga Nasional Berhad

25 DEPOSITS, BANK AND CASH BALANCESG group Company2008 2007 2008 2007RM’million RM’million RM’million RM’millionCash in hand and at bank 1,260.8 988.1 463.2 295.4Deposits with licensed banks 4,122.4 4,310.6 3,749.7 4,228.9Deposits with licensed finance companies 0.7 0.6 0 05,383.9 5,299.3 4,212.9 4,524.3The interest rate per annum of deposits, bank and cash balances that were effective as at balance sheet date were as follows:G group Company2008 2007 2008 2007% % % %Deposits with licensed banks andfinance companies 3.52 – 3.75 3.50 – 5.25 3.52 – 3.75 3.50 – 5.25Bank balances 0.13 – 1.50 0.13 – 4.75 0.13 – 0.50 0.13 – 1.00Deposits with licensed banks are held in the short term money market. Deposits have maturity periods ranging from 6to 448 days (2007: 5 to 448 days) for the Group and the Company.Deposits of the Group and the Company at the end of the financial year have an average maturity period of 31 days(2007: 60 days).G group CompanyCash and cash equivalents at endof the financial year comprise:2008 2007 2008 2007RM’million RM’million RM’million RM’millionCash in hand and at bank 1,260.8 988.1 463.2 295.4Deposits with licensed banks 4,122.4 4,310.6 3,749.7 4,228.9Deposits with finance companies 0.7 0.6 0 0Cash at bank held in trust* (205.9) (65.6) 0 05,178.0 5,233.7 4,212.9 4,524.3* Deposits and cash at bank held in trust are in respect of a grant given to a subsidiary by the Government of Malaysiafor a designated capital project.[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]229