FGV Audited Financial Statements 2020

37 DEPOSITS, CASH AND BANK BALANCES (continued) The weighted average finance rates (per annum) of fixed deposits and bank balances that were effective at the financial year end were as follows: Group Company 2020 % 2019 % 2020 % 2019 % - Licensed banks 2.88 2.52 2.01 2.93 - Licensed financial institutions 2.73 3.50 2.47 3.45 Fixed deposits as at 31 December 2020 for the Group and for the Company have average maturity periods of 87 days (2019: 81 days) and 80 days (2019: 30 days) respectively. Cash and bank balances are deposits held at call with banks. 38 ASSETS AND LIABILITIES HELD FOR SALE The details of assets held for sale are as follows: Group 2020 RM’000 2019 RM’000 Assets Property, plant and equipment 6,332 80,794 Right-of-use assets - 82,083 Intangible assets - 1,547 Interests in an associate 25,534 26,903 Receivables - 445 Deposits, cash and bank balances - 727 Assets held for sale 31,866 192,499 Liabilities Payables - 616 Liabilities related to assets held for sale - 616 (i) During the financial year, assets held for sale in relation to Malaysia Cocoa Manufacturing Sdn. Bhd., an indirect subsidiary of the Company with carrying value of RM4.02 million was disposed off for a total consideration of RM10.60 million, resulting in a gain on disposal of RM6.58 million. 157 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020