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6. OTHER INvESTmENTS Masterskill Education Group Berhad / Annual Report 2012 83 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) Group and Company 31.12.2012 31.12.2011 1.1.2011 Rm’000 Rm’000 Rm’000 Non-current Available-for-sale financial assets: Quoted shares outside Malaysia 10,102 10,210 – Representing items: At fair value 10,102 10,210 – 7. TRADE AND OTHER RECEIvABlES Group Company Note 31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Non-current Amounts due from subsidiaries 7.1 – – – 88,039 14,907 – Current Trade Trade receivables 51,796 105,344 126,495 – Non-trade other receivables 1,246 2,085 2,813 – 54 42 Deposits 7.2 7,790 13,976 11,936 – – – Amount due from a subsidiary 7.3 – – – 107 – – 60,832 121,405 141,244 107 54 42 7.1 The amounts due from subsidiaries were non-trade in nature, unsecured and interest free. The settlement of these amounts was neither planned nor likely to occur in the foreseeable future. 7.2 Included in deposits of the Group are rental deposits for accommodation amounting to RM3,579,000 (31.12.2011: RM6,383,000; 1.1.2011: RM8,046,000) and deposit for the acquisition of land and building amounting to RM2,940,000 (2011: RM5,814,000; 1.1.2011: RM2,940,000). 7.3 The amount due from a subsidiary was non-trade in nature, unsecured, interest free and repayable on demand. – –
Masterskill Education Group Berhad / Annual Report 2012 84 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 8. CASH AND CASH EquIvAlENTS Group Company 31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Deposits placed with licensed banks 18,745 107,992 135,055 800 88,753 100,676 Cash and bank balances 13,450 2,594 9,842 2,337 154 1,963 32,195 110,586 144,897 3,137 88,907 102,639 Deposits placed with licensed banks of RM911,000 (31.12.2011: RM851,000; 1.1.2011: RM1,073,000) have been pledged to licensed banks for a bank guarantee facility and to secure credit facilities granted to a subsidiary (Note 10). 9. SHARE CApITAl, SHARE pREmIum AND RESERvES Share capital 31.12.2012 Group and Company 31.12.2011 1.1.2011 Number Number Number Amount of shares Amount of shares Amount of shares Rm’000 ’000 Rm’000 ’000 Rm’000 ’000 Authorised: ordinary shares of RM0.20 each 200,000 1,000,000 200,000 1,000,000 200,000 1,000,000 Issued and fully paid: ordinary shares of RM0.20 each 81,981 409,906 81,981 409,906 81,981 409,906 9.1 Ordinary shares The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of the Company and rank equally with regard to the Company’s residual assets. 9.2 Share premium This relates to share premium arising from the public issue of shares. 9.3 Fair value reserve The fair value reserve comprises the cumulative net change in the fair value of available-for-sale financial assets until the investments are derecognised or impaired. 9.4 Section 108 credit The Finance Act, 2007 introduced a single tier company income tax system with effect from 1 January 2008. As such, the Company may distribute single tier dividends to its shareholders out of its retained earnings as at 31 December 2012.
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