- 5.5 0.1 - 4.3 Deposits with licensed banks have maturity periods ranging from 1 to 365 days (2022: 1 to 365 days) for the Group and 9 to 90 days (2022: 1 to 77 days) for the Company. Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Cash and cash equivalents comprise: - Cash in hand and at bank 3,548.8 2,334.2 323.5 124.7 - Deposits with licensed banks and financial institution 15,841.7 2,559.2 13,003.1 623.5 Deposits, bank and cash balances 19,390.5 4,893.4 13,326.6 748.2 Debt reserve account* (511.2) (153.7) 0 0 Cash at bank held in trust** (222.8) (265.6) 0 0 Restricted cash (8.2) (8.5) 0 0 Deposits with maturity of more than 90 days (1,423.1) (409.5) 0 0 T otal cash and cash equivalents 17,225.2 4,056.113,326.6 748.2 * Debt reserve account relates to deposits placed with licensed financial institution as part of security obligations for bond financing. ** The cash at bank held in trust is in respect of grants received from Government by a subsidiary for designated capital projects. 23 PAYABLES Accounting Policy Trade and other payables Trade and other payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Other payables generally arise from transactions outside the usual operating activities of the Group and the Company. Trade and other payables are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non-current liabilities. Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost, which is the fair value of the consideration to be paid in the future for the goods and services received. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 257 23 PAYABLES (CONTINUED) Group Company Note 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Trade payables (a) 8,888.4 7,753.7 5,615.0 4,452.6 Payroll liabilities