Page 164 - S P Setia Annual Report 2016
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162   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          18.   CASH AND BANK BALANCES

                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               Cash and bank balances include monies in:

               -  Housing Development Accounts                                                 608,678      1,005,388
               -  Sinking Fund Accounts                                                          22,572         5,798
               -  Debt Service Reserve Accounts                                                  20,747        21,642
               -  Escrow Accounts                                                                66,122       274,707
               -  Revenue Accounts                                                                5,764          779

              Withdrawals from the Housing Development Accounts are restricted in accordance with the Housing Developers (Housing Development
              Account) Regulations 1991.

              Funds maintained in the Housing Development Accounts earn interest ranging from 0.25% to 2.50% (2015: 1.90% to 2.25%)
              per annum.

              The sinking fund, debt service reserve, escrow and revenue accounts were opened in accordance with the terms and conditions set
              out in the term loan agreements referred to in Note 23 below.

              The currency exposure profile of cash and bank balances is as follows:


                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000

               Malaysian Ringgit                                   946,820      1,578,700        9,229         32,760
               Singapore Dollar                                    352,236        85,044             -             -
               Australian Dollar                                   153,033         63,927            -             -
               Vietnamese Dong                                       4,109         2,480             -             -
               United States Dollar                                  2,804         2,067             -             -
               Great British Pound                                   6,283             -         6,283             -
               Indonesian Rupiah                                         2             -             -             -
                                                                  1,465,287      1,732,218       15,512        32,760
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