Bursa Malaysia • Annual Report 2013
120
Financial Reports
2. Significant accounting policies (cont’d.)
2.5 Significant accounting judgements and estimates (cont’d.)
Key sources of estimation uncertainty (cont’d.)
(f) Defined benefit plan
The cost of the defined benefit plan and the present value of the defined benefit obligation is determined using actuarial valuations. The actuarial
valuation involves making assumptions about discount rates, expected rate of salary increases and mortality rates. All assumptions are reviewed
at each financial year end.
In determining the appropriate discount rate, the valuation is based on market yield of high quality corporate bonds with AA rating and above with
terms similar to the term of the liabilities.
(g) Share grant plan
The Group and the Company measure the cost of equity-settled transactions with employees by reference to the fair value of the equity instruments
at the date which they are granted. In estimating the fair value of the share-based payment transactions, it requires the determination of the
appropriate valuation model and the inputs (for example, expected volatility of the share price and/or dividend yield) to the valuation model. The
key assumptions are disclosed in Note 27(b).
3. Operating revenue
Group
2013
2012
RM’000
RM’000
Clearing fees
1
175,530
144,638
Trade fees
23,647
19,265
Other securities revenue
18,124
14,595
Securities trading revenue
217,301
178,498
Clearing fees
14,552
12,600
Trade fees
41,047
36,738
Other derivatives revenue
14,651
13,994
Derivatives trading revenue
70,250
63,332
Listing and issuer services
51,305
51,433
Depository services
37,061
36,416
Market data
26,035
24,122
Member services and connectivity
26,467
25,660
Bursa Suq Al-Sila trading revenue
5,790
3,410
Other operating revenue
5,613
5,595
Total operating revenue
439,822
388,466
1
Clearing fees of the Group is stated net of the amount payable to the SC of RM45,473,000 (2012: RM36,088,000).
Notes to the Financial Statements
31 December 2013
