Annual Report 2019

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2019 121 The United Laboratories International Holdings Limited Annual Report 2019 26. PLEDGED BANK DEPOSITS, BANK BALANCES AND CASH/BANK OVERDRAFT Pledged deposits amounting to RMB724,981,000 (2018: RMB555,806,000) have been placed in designated banks as part of the security provided for general short-term banking facilities granted to the Group by banks and are therefore classified as current assets (see Note 39). The range of effective interest rates of the pledged deposits at 31 December 2019 was 0.25% to 2.93% (2018: 0.25% to 2.52%) per annum. Bank balances and cash comprise cash held by the Group and short-term bank deposits with an original maturity of three months or less. The range of effective interest rates of the bank balances at 31 December 2019 was 0.001% to 0.42% (2018: 0.001% to 0.35%) per annum. The carrying amounts of the Group’s foreign currency denominated monetary assets at the end of the reporting period were as follows: 2019 2018 RMB’000 RMB’000 Pledged bank deposits and bank balances – HK$ 361,484 82,472 – USD 58,888 335,026 – Euro 38,257 5,609 The interest market rate of bank overdraft at 31 December 2018 was 4.785% per annum.