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Annual Report 2013
KPJ HEALTHCARE BERHAD
238
28.
Deferred revenue
Group
2013
2012
RM’000
RM’000
At 1 January
61,133
53,591
Additions
44,458
48,278
Earned during the nancial year
(43,414)
(40,736)
At 31 December
62,177
61,133
Represented by:
Fees received in advance
- Students’ fees
3,462
2,414
- Accommodation fees
641
658
- Others
267
-
KPJ Wellness Subscription Fees
57,807
58,061
62,177
61,133
The Wellness Programme provides healthcare service packages (”packages”) to the public under the allocated specialist hospital. The
packages range from 5 years, 10 years and 18 years to individuals and couples. Subscription fees are recognised as revenue over the
subscription period, however, they are classi ed as current liabilities as the subscription period is for a period of 12 months only. In order
to carry on the packages, subscribers are required to pay renewal fees on a yearly basis up to the end of the subscription period.
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 pro t or
loss.
Group
2013
2012
RM’000
RM’000
Represented by:
Refundable practicing deposits
8,709
8,601
Deferred consultancy expenses
8,544
6,923
17,253
15,524
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)