2012 Annual Report - Media Prima Berhad
2012 Annual Report - Media Prima Berhad
2012 Annual Report - Media Prima Berhad
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33 AMOUNTS DUE FROM/TO SUBSIDIARIES<br />
Company<br />
<strong>2012</strong> 2011 1.1.2011<br />
RM’000 RM’000 RM’000<br />
Non-current:<br />
Amount due from subsidiaries – 394,741 423,508<br />
Current:<br />
Amounts due from subsidiaries 52,839 164,941 95,410<br />
Less: Provision for impairment (20) (20) (3,157)<br />
52,819 164,921 92,253<br />
Amount due to subsidiaries 13,857 29,020 6,088<br />
(a) The amounts due from subsidiaries classified as non-current are denominated in Ringgit Malaysia, unsecured<br />
and interest free for which the Company has no current or foreseeable intention to recall these advances. These<br />
balances are the Company’s quasi investment in the respective subsidiaries and arose as a result of Internal<br />
Group Restructuring as disclosed in Note 26.<br />
(b) The amounts due from subsidiaries classified as current are denominated in Ringgit Malaysia, unsecured and<br />
interest free. These balances are expected to be realisable within the next financial year.<br />
(c) During the financial year, RM410.5 million (2011: RM218.5 million, 1.1.2011: nil) of the total amount due from<br />
subsidiaries were converted into RPS as disclosed in Note 26.<br />
34 DEPOSITS, CASH AND BANK BALANCES<br />
Group<br />
Company<br />
<strong>2012</strong> 2011 1.1.2011 <strong>2012</strong> 2011 1.1.2011<br />
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000<br />
Cash and bank balances 107,204 105,030 65,084 34,924 21,864 16,698<br />
Deposits with licensed Banks 575,174 345,066 252,847 433,519 225,702 118,447<br />
Deposits, cash and bank<br />
balances (Note 36) 682,378 450,096 317,931 468,443 247,566 135,145<br />
The deposits, cash and bank balances are denominated in Ringgit Malaysia.<br />
During the financial year, the interest rates for the deposits ranged from 2.9% to 4.35% (2011: 2.75% to 4.15%) per<br />
annum for the Group and for the Company. As at 31 December <strong>2012</strong>, the effective interest rates for the deposits<br />
ranged from 2.9% to 4.35% (2011: 2.75% to 4.15%) per annum for the Group and for the Company.<br />
Fixed deposits with licensed financial institutions have a maturity period ranging between 30 days to 365 days (2011:<br />
30 days to 365 days, 1.1.2011: 30 days to 365 days).<br />
Bank balances are deposits held at call with banks and earn no interest.<br />
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<strong>2012</strong><br />
From Our Perspective Who We Are Our Strategy & Achievements Our Performance Our Responsibility Our Leadership Corporate Governance The Financials Additional Information
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