notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
16 LONG TERM DEPOSIT
Group
2014
2013
RM’000
RM’000
Time deposit placed with licensed overseas bank
33,093
-
As at 31 December 2014 and 31 December 2013, the Group has no exposure to foreign currency risk for long term deposit.
The effective interest rate of long term deposit of the Group is as follows:
Group
2014
2013
%p.a.
%p.a.
Time deposit
3.40
-
17 INVENTORIES
Group
2014
2013
RM'000
RM'000
Raw materials
114,921
123,922
Work-in-progress
29,566
29,936
Manufactured and trading goods
41,405
35,528
Consumables
12,516
9,652
Goods in transit
6,115
6,149
204,523
205,187
122
Wah Seong Corporation Berhad • Annual Report 2014
