2012 Annual Report - Media Prima Berhad
2012 Annual Report - Media Prima Berhad
2012 Annual Report - Media Prima Berhad
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<strong>Media</strong> <strong>Prima</strong> <strong>Berhad</strong><br />
Notes to<br />
the Financial Statements<br />
for the financial year ended 31 December <strong>2012</strong><br />
35 AMOUNTS DUE TO AN ASSOCIATE<br />
The amounts due to/from an associate is denominated in Ringgit Malaysia, unsecured, interest free and has no fixed<br />
terms of repayment.<br />
36 CASH AND CASH EQUIVALENTS<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 />
Deposits, cash and bank<br />
balances (Note 34) 682,378 450,096 317,931 468,443 247,566 135,145<br />
Cash from subsidiary<br />
held for sale – – 578 – – –<br />
Less:<br />
Restricted deposits:<br />
– Deposits with a licensed bank (33,841) (21,783) (9,740) (31,735) (18,911) (5,251)<br />
– Bank balances and deposits<br />
held in respect of public<br />
donations (1,804) (3,396) (2,827) – – –<br />
646,733 424,917 305,942 436,708 228,655 129,894<br />
Bank balances at the end of the financial year include the following deposits which are not available for use by the<br />
Group and the Company:<br />
(a) Deposits with a licensed bank, amounting to RM2,105,774 (2011: RM2,351,967, 1.1.2011: RM3,069,717), which<br />
have been placed with the licensed bank for bank guarantee facilities extended to a subsidiary company. These<br />
are long term restricted cash up to 2014.<br />
(b) Deposits with licensed bank of RM Nil (2011: RM520,136, 1.1.2011: RM1,420,397) are pledged to the licensed<br />
bank as security for the overdraft and bank guarantee facilities granted to a subsidiary company.<br />
(c)<br />
Deposits with licensed bank of RM4,575,126 (2011: RM4,537,052: 1.1.2011: RM4,499,602) which have been<br />
placed with the licensed bank for bond security. These are restricted cash up to 2015.<br />
(d) Proceeds received from exercise of warrants amounting to RM27,160,036 (2011: RM14,374,174; 1.1.2011:<br />
RM751,088) have been placed under proceeds account in a licensed bank pursuant to the RFRB Deed Poll.<br />
These are restricted cash up to 2015.<br />
(e) Bank balances and deposits held in respect of public donations are restricted from being used by the Group<br />
indefinitely other than for the purpose of distribution to designated recipients.<br />
226<br />
annual<br />
report<br />
<strong>2012</strong>
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