Page 163 - S P Setia Annual Report 2016
P. 163

S P Setia Berhad Group                                                                                161
          Annual Report 2016




                                                                               Notes To The Financial Statements

                                                                                  For The Financial Year Ended 31 December 2016

          17.   SHORT-TERM DEPOSITS

                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000
               Short-term deposits:
               -  with licensed banks                              764,961        736,257      250,000         59,325
               -  with other licensed financial institutions      1,939,879     1,283,655     1,332,554       553,991
                                                                  2,704,840     2,019,912     1,582,554       613,316

              Included in short-term deposits of the Group and the Company are amounts of RM5,000,000 and RM Nil respectively (2015:
              RM44,325,000 and RM39,325,000) which have been charged to banks as security for banking facilities.
              Included in short-term deposits of the Group in financial period 2015 is an amount of RM61,374,000 which is held under Housing
              Development (Project Account Rules) Control and Licensing Act in Singapore. Funds maintained in the Project Account Rules earn
              interest rate at 0.45% per annum.
              The effective interest rates for the Group’s and the Company’s short-term deposits range from 0.60% to 3.84% and 3.20% to 3.84% per
              annum (2015: 0.40% to 4.80% and 3.10% to 4.62% per annum) respectively. All short-term deposits have maturity periods of less than
              a year.
              The currency exposure profile of short-term deposits is as follows:


                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000
               Malaysian Ringgit                                  2,271,618      1,414,359    1,582,554       613,316
               Australian Dollar                                   431,803        540,716            -             -
               Singapore Dollar                                          -         61,374            -             -
               Vietnamese Dong                                           -          2,337            -             -
               United States Dollar                                  1,419          1,126            -             -
                                                                  2,704,840     2,019,912     1,582,554       613,316
   158   159   160   161   162   163   164   165   166   167   168