Page 215 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS in retrospect

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for the financial year ended 31 december 2020 (continUed)
the Will to Suceed

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3 CASH AND SHORT-TERM FUNDS
Group Company
2020 2019 2020 2019 achieving a leading repute
RM’000 RM’000 RM’000 RM’000

cash and balances with banks
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and other financial institutions 806,268 897,248 319 2,105
money at call and interbank
placements with remaining maturity
not exceeding one month 5,022,874 2,437,523 317,269 – Paving the Way for a Sustainable future
5,829,142 3,334,771 317,588 2,105

all bank balances are assessed to have low credit risk as they are held with reputable banking institutions and the identified
expected credit loss was immaterial.
monies held in trust on behalf of clients by the Group in respect of the stockbroking business are not recognised as part of the
Group’s cash and cash equivalents as follows: 209

Group
2020 2019
RM’000 RM’000
cash at bank 7,374 5,078

4 DEPOSITS AND PLACEMENTS wITH BANkS AND OTHER FINANCIAL INSTITUTIONS adhering to the best Governance Practices
Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000 |
bank negara malaysia – 658,053 – –
licensed banks 1,996,962 1,888,196 – –
licensed islamic banks 361 – – 410,228
other financial institutions 35,998 35,039 – – Laying the Foundation for Financial Growth

2,033,321 2,581,288 – 410,228

all the deposits and placements with banks and other financial institutions are assessed to have low credit risk as they are held
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with reputable banking institutions and the identified expected credit loss was immaterial.
additional information & disclosure Summary

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24 th aGm information