Page 177 - KPJ_2011

28. Deferred revenue
29. Deposits
Long term deposits represent amounts received from consultants, which are repayable on death, retirement (at age
65) or disability of the consultants. Deposits are forfeited on termination of a consultant’s practice either by the Group
due to events of breach or on early termination by the consultant. However, the deposits may be refunded to the
consultants if approval from the Board of Directors is obtained.
Long term deposits previously measured at cost, are now measured at fair value initially and subsequently
at amortised costs using effective interest method. The differences between the fair value and cash value are
recognised as deferred consultancy expenses and amortised using remaining service period to retirement (at age
65) of consultants. These amortisation expenses are charged to promt or loss.
27. Borrowings (continued)
Represented by: 7,356 6,390
Refundable practising deposits 7,429 7,392
Deferred consultancy expenses 14,785 13,782
Group
2011
RM’000
2010
RM’000
At 1 January 36,144 28,812
Additions 103,760 46,296
Earned during the mnancial year (41,565) (38,964)
At 31 December 98,339 36,144
Represented by:
Students’ fees 2,307 3,868
Accommodation fees 693 1,028
Resident fees 44,748 -
KPJ Wellness Subcription Fees 50,591 31,248
98,339 36,144
Group/Company
2011
RM’000
2010
RM’000
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2011 (continued)
2010
Group
Hire purchase and mnance lease liabilities
- Conventional 6,009 4,830 3,771 1,835 2,287 10 18,742
- Bai Al-Inah 1,787 1,662 1,741 1,786 878 - 7,854
7,796 6,492 5,512 3,621 3,165 10 26,596
Less: Future mnance charges
- Conventional (2,770)
- Bai Al-Inah (82)
(2,852)
23,744
Later than
2 years and
not later than
3 years
RM’000
Later than
1 year and
not later than
2 years
RM’000
Not later than
1 year
RM’000
Later than
3 years and
not later than
4 years
RM’000
Later than
4 years and
not later than
5 years
RM’000
Later
than
5 years
RM’000
Total
RM’000
ANNUAL REPORT 2011 172