Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

138
Notes to the Financial Statements
For the fi nancial year ended 31 December 2011
27. Investment securities
Group/Company
2011 2010
Market Market
value of value of
Carrying quoted Carrying quoted
amount investments amount investments
RM’000 RM’000 RM’000 RM’000
Current
Fair value through profi t or loss
Fixed income debt securities
(unquoted in Malaysia) 52,838 - 48,993 -
Equity instruments (quoted in Malaysia) 8,314 8,314 12,153 12,153
Unit trust funds (quoted in Malaysia) 27,557 27,557 26,758 26,758
Total current investment securities 88,709 35,871 87,904 38,911
Non-current
Available-for-sale fi nancial assets
Cahya Mata Sarawak Berhad
Group
2011 2010
RM’000 RM’000
Equity instruments (unquoted in Malaysia), at cost 300 300
The unquoted equity instruments are carried at cost as there are no other methods of reasonably estimating
the fair values.
28. Cash and bank balances
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Cash in hand and at bank 48,700 43,877 29,686 26,357
Short term deposits with licensed banks 174,180 729,607 168,464 727,633
Wholesale fund 427,392 - 427,392 -
Cash and bank balances 650,272 773,484 625,542 753,990
The wholesale fund invests only in short-term money market instruments and fi xed deposits with fi nancial
institutions.
Cash at bank earns interest at fl oating rates based on daily bank deposit rates. Short-term deposits are made
for varying periods of between one day and three months depending on the immediate cash requirements
of the Group and the Company, and earn interest at the respective short-term deposit rates. The weighted
average effective interest rates as at 31 December 2011 for the Group and the Company were 3.36% (2010:
3.07%) and 3.40% (2010: 3.08%), respectively.
Short term deposits of the Group amounting to RM110,013 (2010: RM107,330) have been pledged to the
bank to secure a bank guarantee.
Included in cash at bank of the Group and Company is an amount of RM29,355,982 (2010: RM25,598,889)
being monies held in trust by nominee companies under a discretionary fund management and investment
agreements with licensed fund managers.
Included in short term deposits with fi nancial institutions of the Group and Company is an amount of
RM18,500,000 (2010: RM54,400,000) being deposits placed with a banking subsidiary of an associate.