21. CASH AND BANK BALANCES Group Company 2024 2023 2022 2024 2023 $’000 $’000 $’000 $’000 $’000 (Restated) (Restated) Fixed deposits 2,964 2,883 4,820 1,505 – Cash at bank balances 18,811 11,760 20,097 214 733 21,775 14,643 24,917 1,719 733 Fixed deposits pledged (1,000) – (537) – – Bank overdraft – – (668) – – Cash and cash equivalents per consolidated statement of cash flows 20,775 14,643 23,712 1,719 733 Fixed deposits will mature within 1 to 12 months (2023: 1 to 12 months) from the financial year-end and the effective interest rate on the fixed deposits ranges from between 1.7% to 5.2% (2023: 1.7% to 4.9%) per annum. For the purpose of presenting consolidated statement of cash flows, cash and cash equivalents include short-term deposits with an average maturity of more than 3 months, as there is no significant loss or penalty in converting these deposits into liquid cash before maturity. Cash and bank balances on statements of financial position are denominated in the following currencies: Group Company 2024 2023 2022 2024 2023 $’000 $’000 $’000 $’000 $’000 (Restated) (Restated) Malaysian Ringgit 1 729 753 – – Singapore dollar 20,217 10,084 18,806 1,665 675 United States dollar 929 3,143 3,683 54 58 Maldives rufiyaa 273 441 531 – – Japanese yen 355 246 1,144 – – 21,775 14,643 24,917 1,719 733 112 KEONG HONG HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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