Megachem Limited Annual Report 2015 107 Notes to the Financial Statements 31 December 2015 19. Cash and cash equivalents (cont’d) Cash and cash equivalents are denominated in the following currencies: Group Company 2015 2014 2015 2014 $ $ $ $ Singapore Dollar 2,379,867 1,838,144 2,076,689 1,604,516 United States Dollar 3,467,182 2,489,603 1,549,210 593,376 Malaysia Ringgit 2,677,380 1,802,950 – – Indonesia Rupiah 460,320 911,507 – – Sterling Pound 76,401 673,009 – – China Renminbi 496,677 234,309 – – Others 1,501,902 1,049,721 4,464 6,687 Total cash and bank balances 11,059,729 8,999,243 3,630,363 2,204,579 Interest earning balances have an average maturity of one month (2014: one month) from the end of the reporting year with the following average interest rates: Group Company 2015 2014 2015 2014 Australia Dollar 1.3% 2.2% – – Malaysia Ringgit 3.9% – – – India Rupees 8.8% 8.8% – – 19A. Cash and cash equivalents in the statement of cash flows: Group Company 2015 2014 2015 2014 $ $ $ $ Cash and cash equivalents for statement of cash flows purposes at end of the year 11,059,729 8,999,243 3,630,363 2,204,579 19B. Non-cash transactions: Acquisitions of certain freehold land and building which remains unpaid as at 31 December 2014 amounted to $937,036.
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