Annual Report 2020

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020 113 The United Laboratories International Holdings Limited Annual Report 2020 25. PLEDGED BANK DEPOSITS, BANK BALANCES AND CASH Pledged deposits amounting to RMB440,194,000 (2019: RMB724,981,000) 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 38). The range of effective interest rates of the pledged deposits at 31 December 2020 was 0.3% to 2.7% (2019: 0.25% to 2.93%) 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 was 0.001% to 3.55% (2019: 0.001% to 0.42%) per annum at 31 December 2020. The carrying amounts of the Group’s monetary assets denominated in foreign currency, i.e. currency other than the functional currency of the respective group entities at the end of the reporting period were as follows: 2020 2019 RMB’000 RMB’000 Pledged bank deposits and bank balances – HK$ 74,266 361,484 – USD 804,245 58,888 – Euro 9,795 38,257