Page 210 - MSM_AR2020

CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

27 DERIVATIVE FINANCIAL INSTRUMENTS (CONTINUED)
2020 2019
Notional Derivative Notional Derivative
Group (continued) amount liabilities amount assets
RM’000 RM’000 RM’000 RM’000
Sugar futures contracts - - 32,341 2,388
Foreign exchange forward contracts 74,778 (929) - 68
Islamic profit rate swap 291,667 (10,163) 500,000 (4,968)
366,445 (11,092) 532,341 (2,512)
208

2020 2019
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
Company Assets Liabilities Assets Liabilities
RM’000 RM’000 RM’000 RM’000
Non-current:
Islamic profit rate swap - (10,163) - (4,968)

2020 2019
Notional Derivative Notional Derivative
amount liabilities amount assets
RM’000 RM’000 RM’000 RM’000
Islamic profit rate swap 291,667 (10,163) 500,000 (4,968)

28 CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise of the following:

Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
Fixed deposits with licensed investment bank in Malaysia 127,748 143,652 16,688 29,282
Cash and bank balances 68,173 26,884 3,672 5,071
Deposits, cash and bank balances 195,921 170,536 20,360 34,353
Less: Restricted cash (15,997) (17,575) (15,997) (17,575)
Cash and cash equivalents 179,924 152,961 4,363 16,778

The effective interest rates of the fixed deposits range from 1.57% - 3.30% (2019: 2.80% - 3.25%) per annum for the Group
and range from 1.57% - 3.30% (2019: 2.80% - 3.25%) per annum for the Company respectively. All fixed deposits have
original maturity terms of 3 months or less (2019: 3 months or less).
Bank balances are deposits held at call with banks and earn no interest.
Restricted cash relates to bank balance pledged in order to obtain certain bank facilities.