Malaysia legislation
Section 21
of Mengikut peraturan Bilangan 34 Peraturan-Peraturan Tanah Tahun 1966, adalah
Seksyen 21
Market value of quoted shares 110,850 112,900
The Group
The Company 2005 2004 2005 2004
Deposits with licensed banks 12,630,060 15,321,850
—
—
Bank and cash balances 508,144 774,428 75,998 135,320
Housing Development
Accounts with licensed banks 7,741,132 1,059,578 1,095,500 1,034,052 20,879,336 17,155,856 1,171,498 1,169,372
The Housing Development Account is maintained by the Company and a subsidiary company in accordancewith Section 7(A) of the Housing
Developers (Control and Licensing) Act, 1966. These accounts, which consist of monies received from purchasers, are for the payment of property development expenditure incurred. The surplus monies, if any, will be released to the Company and the subsidiary company upon the completion of the property development projects and after all property development expenditure has been fully settled.
22hb Jun 2006]
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The average effective interest rates are as follows:
The Group
The Company 2005 2004 2005 2004
%
%
%
%
Deposits with licensed banks 3.90 3.50
—
—
Housing Development
Accounts 1.50 1.50 1.50 1.50
Deposits of the Group (all pertaining to subsidiary companies) have an average maturity of 30 days (also 30 days in 2004).