Bursa Malaysia • Annual Report 2013
147
Financial Reports
25. Other reserves (cont’d.)
(e) Clearing fund reserves (cont’d.)
(ii) DCF reserve (cont’d.)
As at the financial year end, the DCF composition was as follows:
2013
2012
RM’000
RM’000
Contributions from CPs of Bursa Malaysia Derivatives Clearing (Note 22)
22,196
23,577
Contribution from Bursa Malaysia Derivatives Clearing (Note 23(i))
5,000
5,000
27,196
28,577
There were no non-cash collaterals from CPs of Bursa Malaysia Derivatives Clearing for DCF held by the Group as at 31 December 2013 and
31 December 2012.
(f) AFS reserve
AFS reserve represents the cumulative fair value changes, net of tax, of AFS financial assets until they are disposed or impaired.
26. Retained earnings
The Company has elected for the irrevocable option under the Finance Act, 2007 to disregard the Section 108 balance as at 30 September 2009. Following
that, the Company will be able to distribute dividends out of its entire retained earnings under the single-tier system.
27. Employee benefits
(a) Retirement benefit obligations
The Group operates a funded, defined Retirement Benefit Scheme (the Scheme) for its eligible employees. Contributions to the Scheme are made
to a separately administered fund. Under the Scheme, eligible employees are entitled to a lump sum, upon leaving service, calculated based on the
multiplication of two times the Final Scheme Salary, Pensionable Service and a variable factor based on service years, less EPF offset. The Scheme was
closed to new entrants effective 1 September 2003.
The amounts recognised in the statements of financial position were determined as follows:
Group and Company
31.12.2013
31.12.2012
1.1.2012
RM’000
RM’000
RM’000
(Restated)
(Restated)
Present value of funded defined benefit obligations
30,440
31,392
35,010
Fair value of plan assets
(1,490)
(1,369)
(1,411)
Net liability arising from defined benefit obligations
28,950
30,023
33,599
Notes to the Financial Statements
31 December 2013
