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Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110)
(21185-P)
• Annual Report 2020
167
23. Short term investments
Group
Company
2020
2019
2020
2019
RM’000
RM’000
RM’000
RM’000
At fair value:
Islamic short term cash investments
127,030
148,122
10,580
31,735
Short term investments represent funds placed with licensed fund managers. The portfolio of securities managed by the fund
managers comprise of money market funds, commercial papers and fixed deposits. Short term investments held as fixed deposit
placements allow prompt redemption at anytime.
Other details of fair value of short term investments are further disclosed in Note 37.
24. Cash and bank balances
Group
Company
2020
2019
2020
2019
RM’000
RM’000
RM’000
RM’000
Cash and bank balances
20,210
32,184
606
834
Fixed deposit with licensed banks
27,341
25,671
21
20
Total cash and cash equivalents
47,551
57,855
627
854
The weighted average effective interest rates (“WAEIR”) per annum of deposits at the reporting date are as follows:
Group
Company
2020
2019
2020
2019
%
%
%
%
Licensed banks
3.76
3.05
2.95
2.95
The average maturity of deposits as at the end of the financial year are as follows:
Group
Company
2020
2019
2020
2019
Days
Days
Days
Days
Licensed banks
22
9
30
30