Bursa Malaysia • Annual Report 2013
175
Financial Reports
38. Fair value hierarchies of financial instruments (cont’d.)
Level 1
Level 2
Total
RM’000
RM’000
RM’000
Group
At 31 December 2013
Asset
AFS financial assets
98,584
101,462
200,046
At 31 December 2012
Asset
AFS financial assets
59,322
99,598
158,920
Company
At 31 December 2013
Asset
AFS financial assets
98,584
26,545
125,129
At 31 December 2012
Asset
AFS financial assets
59,322
30,125
89,447
There were no transfers between Level 1 and Level 2 during the current and previous financial years.
The Group and the Company do not have any financial liabilities carried at fair value nor any financial instruments classified as Level 3 as at
31 December 2013 and 31 December 2012.
In relation to financial assets which are not carried at fair value and for which the fair values have been disclosed, staff loans receivable is classified as
Level 3.
39. Capital management
The Group manages its capital with the objective of maximising shareholders returns. To achieve this, the Group takes into consideration and ensures the
sufficiency of funds for operations, risk management and development. Although the Group’s policy is to distribute 75% of its profits to shareholders, it has
been able thus far to distribute at least 90% of its profits every year whilst ensuring that its pool of funds for future development is at a sufficient level.
The Group is not subject to any externally imposed capital requirements. However, the Group is required to set aside funds for the CGF and DCF in accordance
with the business rules of its clearing house subsidiaries.
Total capital managed at Group level, which comprises shareholders’ funds and deferred capital grants, stood at RM818,919,000 (2012: RM867,535,000)
as at the end of the respective financial year.
There has been no change in the above capital management objectives, policies and processes compared to the previous year.
Notes to the Financial Statements
31 December 2013
