Dagang NeXchange Berhad Annual Report 2019

FINANCIAL STATEMENTS annual report 2019 151 15. CASH AND CASH EQUIVALENTS Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Deposits with licensed banks 15.1 7,318 10,087 - - Cash and bank balances 15.2 47,081 28,911 2,759 2,482 54,399 38,998 2,759 2,482 Bank overdrafts 18 (10,727) (7,038) - - Cash and cash equivalents in the statements of financial position 43,672 31,960 2,759 2,482 15.1 Included in deposits with licensed banks of the Group is an amount of RM7,318,000 (2018: RM10,087,000) which is pledged to licensed banks for credit facilities. 15.2 Included in cash and bank balances of the Group is an amount of RM8,962,000 (2018: RM2,203,000) held in a Sinking Fund Account and is pledged to licensed banks for credit facilities. 16. CAPITAL AND RESERVES Group and Company Number Number Amount of shares Amount of shares 2019 2019 2018 2018 RM’000 ’000 RM’000 ’000 Issued and fully paid: Ordinary shares At 1 January 354,322 1,758,035 353,502 1,755,372 Issuance of new shares pursuant to employee share option scheme 17 55 820 2,663 At 31 December 354,339 1,758,090 354,322 1,758,035 The holders of ordinary shares are entitled to receive dividends as and when declared by the Company and are entitled to one vote per ordinary share at meetings of the Company. The ordinary shares have no par value. Warrant reserve On 1 August 2016, the warrant reserve arose from the following: i) a renounceable rights issue of 465,146,809 new ordinary shares together with 465,146,809 free new detachable warrants; ii) a special issue of 130,000,000 new ordinary shares together with 65,000,000 free new detachable warrants; and iii) acquisition of certain subsidiaries through issuance of 362,500,000 new ordinary shares together with 181,250,000 free new detachable warrants.