Page 48 - AOB 2018 (ENG)

Audit
Oversight
Board
ANNUAL
REPORT
2018

4. Other receivables
2018 2017
RM RM

Deposits - 82,714
Prepayments - 75,632
Interest receivable 8,307 1,627

8,307 159,973

5. Other investments

Other investments are in relation to the deposits placed with licensed bank with original maturity of
6 months or more. The deposits placed with licensed bank earned income at rates ranging from 3.05%
to 3.30% per annum (2017: 1.75% to 3.05% per annum).

The deposits arose from monies received from penalty imposed and is restricted to be utilised for
planning and implementing capacity building programmes in relation to the accounting and auditing
profession.

6. Cash and cash equivalents
2018 2017
RM RM

Cash and bank balances 382,912 375,820
Deposits placed with a licensed bank - 170,961

382,912 546,781

In the previous year, the deposits placed with a licensed bank earned income at rates ranging from
1.75% to 3.05% per annum.

7. Total reserves
Note 2018 2017
RM RM

Funds from the Securities Commission Malaysia 7.1 25,516,438 23,516,438
Accumulated deficit 7.2 (24,444,195) (22,641,351)

Total reserves 1,072,243 875,087

46 | PART TWO STATEMENTS

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