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Notes To The Financial Statements
VITROX CORPORATION BERHAD
[649966-K]
For The Financial Year Ended 31 December 2008
11. CASH AND CASH EQUIVALENTS (Cont’d)
The currency exposure profile of cash and cash equivalents is as follows:-
The Group
The Company
2008
2007
2008
2007
RM
RM
RM
RM
Ringgit Malaysia
26,290,480
18,125,001
2,140,491
2,080,041
US Dollar
2,471,996
1,074,335
0
0
Renminbi
20,797
193,650
0
0
28,783,273
19,392,986
2,140,491
2,080,041
A fixed deposit amounting to RM79,621 (2007 : RM77,123) has been pledged to a bank for bank guarantee facility granted to
the Group and hence, is not freely available for use.
12. TRADE PAYABLES
The Group
The currency exposure profile of trade payables is as follows:-
2008
2007
RM
RM
Ringgit Malaysia
152,610
1,253,894
US Dollar
294,304
958,231
Singapore Dollar
6,325
74,510
453,239
2,286,635
The credit terms of trade payables range from 30 to 90 days.
13. DEFERRED TAX LIABILITIES
The Group
2008
2007
RM
RM
280,000
0
Balance at 1 January
Deferred tax expense relating to origination and
reversal of temporary differences
18,000
18,000
Deferred tax liabilities underprovided in prior year
262,000
0
Balance at 31 December
298,000
280,000
