BIMB Integrated Annual Report 2019

3 CASH AND SHORT-TERM FUNDS Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Cash and balances with banks and other financial institutions 897,248 931,783 2,105 88,473 Money at call and interbank placements with remaining maturity not exceeding one month 2,437,523 1,718,259 – – 3,334,771 2,650,042 2,105 88,473 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: Group 2019 2018 RM’000 RM’000 Cash at bank 5,078 4,750 4 DEPOSITS AND PLACEMENTS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Bank Negara Malaysia 658,053 2,432,000 – – Licensed banks 1,888,196 1,174,855 – – Licensed Islamic banks – – 410,228 – Other financial institutions 35,039 30,229 – – 2,581,288 3,637,084 410,228 – NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONTINUED) 211 BIMB HOLDINGS BERHAD 199701008362 (423858-X) Shareholders’ Information Financial Statements Additional Information Disclosure Summary