225 F INANC IAL Statements Sect ion 05 Annual Report 2022 NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 29. DEPOSITS, CASH AND BANK BALANCES (Contd.) The weighted average effective interest rate per annum of deposits that was effective as at reporting date were as follows: Group Company 2022 % 2021 % 2022 % 2021 % Short term deposits with licensed banks 1.79 2.54 - - Cash at banks earns interest at floating rates based on daily bank deposit rates. Short-term deposits are made for varying periods of between 1 day and 365 days depending on the immediate cash requirements of the Group. Included in deposits, cash and bank balances of the Group are amount of RM125,463,000 (2021: RM120,205,000), which are restricted pursuant to a financial covenant to maintain certain reserve requirement as part of the repayment schedule of certain loans and borrowings as further disclosed in Note 31. The currency exposure profile of deposits, cash and bank balances are as follows: Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Ringgit Malaysia 379,732 335,577 11 58 Chinese Renminbi 1 - - - Thai Baht 4,658 3,441 - - Singapore Dollar 550 329 - - US Dollar 4,047 472 - - Indonesian Rupiah - 6 - - 388,988 339,825 11 58 30. RETIREMENT BENEFIT OBLIGATIONS Group 2022 RM’000 2021 RM’000 Representing: Current 17,589 14,922 Non-current 65,570 70,244 83,159 85,166
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