Download PDF - ChartNexus
Download PDF - ChartNexus
Download PDF - ChartNexus
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
NOTES TO THE FINANCIAL STATEMENTS (cont’d)<br />
31 DECEMBER 2012<br />
38 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (cont’d)<br />
(c) Liquidity Risk (cont’d)<br />
Company<br />
2012<br />
Carrying<br />
amount<br />
RM<br />
Contractual<br />
undiscounted<br />
cash flows<br />
RM<br />
On demand<br />
or within<br />
one year<br />
RM<br />
One to five<br />
years<br />
RM<br />
Financial liabilities<br />
Other payables 2,377,948 2,377,948 2,377,948 -<br />
Amount owing to subsidiaries - - - -<br />
2011<br />
2,377,948 2,377,948 2,377,948 -<br />
Financial liabilities<br />
Other payables 14,711,038 14,711,038 14,711,038 -<br />
Amount owing to subsidiaries 87,789 87,789 87,789 -<br />
14,798,827 14,798,827 14,798,827 -<br />
As at the end of the reporting period, the counterparty to the financial guarantees as disclosed in Note 34 does<br />
not have a right to demand cash as the default has not occurred. Accordingly, the financial guarantees are not<br />
included in the above maturity profile analysis.<br />
39 FAIR VALUE OF FINANCIAL INSTRUMENTS<br />
Determination of Fair Value<br />
Financial instruments that are not carried at fair value and whose carrying amounts are not reasonable approximation<br />
of fair value<br />
Group Company<br />
Carrying<br />
amount<br />
2012<br />
RM<br />
Fair value<br />
2012<br />
RM<br />
Carrying<br />
amount<br />
2011<br />
RM<br />
Fair value<br />
2012<br />
RM<br />
Financial liabilities<br />
Shareholder’s advance 1,726,811 1,726,811 6,231,949 6,817,236<br />
In the previous financial year, the fair value of shareholder’s advance is estimated using discounted cash flow analysis<br />
based on the financing rate of the leasing facility in which the shareholder’s loan is subordinated and assumed repayment<br />
together will accumulated interests would be made at the end of the leasing facility.<br />
In the current financial year, since the shareholder’s advance is no longer subordinated, the carrying amount of the<br />
shareholder’s advance, which has been transferred to other payables, is considered as reasonable approximation of<br />
fair value.<br />
Gunung Capital Berhad (330171-P)<br />
93<br />
annual report | 2012