continued - The Lion Group

31. REDEEMABLE CONVERTIBLE SECURED LOAN STOCKS (continued)
The value of the RCSLS has been split into the liability component and the equity component, representing the
fair value of the conversion option. The RCSLS are accounted for in the balance sheet as follows:
99
Group and Company
2010 2009
RM’000 RM’000
Nominal value:
At 1 July 469,309 –
Issued during the year – 470,733
Converted during the year – (1,424)
469,309 469,309
Less: Unamortised portion (17,167) (28,924)
Amount due 452,142 440,385
The amount recognised in the balance sheet may be analysed as follows:
Liability component at 1 July 440,385 –
Issued during the year:
Nominal value of RCSLS – 470,733
Equity component, net of deferred tax liabilities – (30,487)
Deferred tax liabilities (Note 22) – (10,162)
440,385 430,084
Converted during the year – (1,354)
440,385 428,730
Interest expenses recognised during the year (Note 10) 34,445 11,655
Repayment during the year (22,688) –
Liability component at 30 June 452,142 440,385
The RCSLS are redeemable over the following periods:
Group and Company
2010 2009
RM’000 RM’000
Within 1 year 24,674 20,417
From 1 to 2 years 104,128 22,913
From 2 to 5 years 254,977 262,764
After 5 years 68,363 134,291
452,142 440,385