Page 148 - S P Setia Annual Report 2013
P. 148

146 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






22. caSH anD BanK BalanceS (cOnt’D)

The Group has charged cash and bank balances amounting to approximately RM80,834,000 (2012 : RM57,394,000) as security for bank
borrowings.
Withdrawals from the Housing Development Accounts are restricted in accordance with the Housing Development (Housing Development
Account) Regulations 1991.

Funds maintained in the Housing Development Accounts earn interest ranging from 1.00% to 2.05% (2012 : 1.00% to 2.05%) per annum.

The sinking fund, debt service reserve and escrow accounts were opened in accordance with the terms and conditions set out in the term
loan agreements referred to in note 25 below.

The currency exposure profle of cash and bank balances is as follows:
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Ringgit Malaysia 1,029,521 871,155 4,191 31,306
US Dollar 2,006 242 - -
Sterling Pound 66,505 19,325 - -
Vietnamese Dong 2,293 5,334 - -
Singapore Dollar 111,159 50,852 - -
Australian Dollar 6,753 2,449 - -

1,218,237 949,357 4,191 31,306


23. SHaRe caPital

Group/company
2013 2012
number number
of shares of shares
’000 Rm’000 ’000 Rm’000


Authorised:
Ordinary shares of RM0.75 each 3,000,000 2,250,000 3,000,000 2,250,000


Issued and fully paid:
Ordinary shares of RM0.75 each

At beginning of the year 2,005,668 1,504,250 1,832,738 1,374,554
Issuance of shares:
- arising from Placement 320,700 240,525 - -
- exercise of Warrants 132,345 99,259 86,221 64,665
- exercise of ESOS - - 67,329 50,496
- acquisition of additional equity interests in a subsidiary company - - 19,380 14,535
At end of the year 2,458,713 1,844,034 2,005,668 1,504,250
   143   144   145   146   147   148   149   150   151   152   153