Bursa Malaysia • Annual Report 2013
134
Financial Reports
15. Investments in subsidiaries
Company
2013
2012
RM’000
RM’000
Unquoted shares, at cost
174,183
174,183
Less: Accumulated impairment losses
(22,041)
(22,041)
152,142
152,142
In the previous financial year, the Company reversed an impairment loss of RM4,755,000 in relation to the Company’s investment in its subsidiary,
Bursa Malaysia Derivatives, on the basis that the recoverable amount is in excess of the carrying amount. The Company also recognised an impairment loss
of RM1,589,000 in relation to its wholly owned subsidiary, Labuan International Financial Exchange Inc., on the basis that the carrying amount is in excess
of the recoverable amount.
Details of the subsidiaries, all of which are incorporated in Malaysia, are as follows:
Proportion of
ownership interest
Ordinary paid-up
capital as at
Name of subsidiaries
2013
2012
31.12.2013
Principal activities
%
%
RM’000
Bursa Malaysia Securities Berhad (Bursa
Malaysia Securities)
100
100
25,000
Provide, operate and maintain a securities
exchange.
Bursa Malaysia Derivatives Berhad
(Bursa Malaysia Derivatives)
75
75
50,000
Provide, operate and maintain a derivatives
exchange.
Labuan International Financial Exchange Inc.
(LFX)
*
100
100
5,500
Provide, operate and maintain an offshore
financial exchange.
Bursa Malaysia Securities Clearing Sdn Bhd
(Bursa Malaysia Securities Clearing)
100
100
50,000
Provide, operate and maintain a clearing
house for the securities exchange.
Bursa Malaysia Depository Sdn Bhd
(Bursa Malaysia Depository)
100
100
25,000
Provide, operate and maintain a central
depository for securities listed on the
securities exchange.
(in USD’000)
Notes to the Financial Statements
31 December 2013
