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Masterskill Education Group Berhad / Annual Report 2012
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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.