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
income and recognise income over the remaining service period to retirement (at age 65) of consultants.
Group
2014
2013
RM’0
RM’000
RM’000
Represented by:
Refundable practicing deposits
9,625
8,709
Deferred consultancy income
8,371
8,544
17,996
17,253
30. SHARE CAPITAL
Group/Company
2014
2013
RM’0
RM’000
RM’000
Authorised ordinary shares of RM0.50 each
At 1 January/31 December
750,000
750,000
Issued and fully paid ordinary shares of RM0.50 each
At 1 January
490,955
323,091
Issued during the financial year:
– Exercise of share warrants
2,600
4,224
– Issuance of bonus share
–
163,640
– Rights issue
21,819
–
515,374
490,955
277
Notes to the
Financial Statements
For the financial year ended 31 December 2014 (continued)
KPJ Healthcare Berhad annual report
2014
