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Notes to the financial statements
31 December 2014
Bursa Malaysia
•
Annual Report 2014
150
30. Other payables
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Accruals
18,679
18,071
12,577
14,985
Amount due to Securities Commission
5,187
3,963
-
-
Capital Market Education and Integrity Fund (CMEIF)
20,424
17,701
20,424
17,701
Provision for employee benefits
24,377
28,268
22,171
25,619
Receipts in advance
3,743
2,536
676
791
Sundry payables
21,122
18,595
7,101
7,403
93,532
89,134
62,949
66,499
Included in sundry payables of the Group is cash received for eDividend distributions amounting to RM1,318,000 (2013: RM1,225,000).
31. Bursa Malaysia Depository Sdn Bhd - Compensation Fund (Depository - CF)
In 1997, pursuant to the provisions of Section 5(1)(b)(vii) of the Securities Industry (Central Depositories) Act, 1991, Bursa Malaysia Depository, a wholly-owned
subsidiary, established a scheme of compensation for the purpose of settling claims by depositors against Bursa Malaysia Depository, its authorised depository
agents and Bursa Malaysia Depository Nominees. The scheme comprises monies in the Depository - CF and insurance policies. Bursa Malaysia Depository’s
policy is to maintain the balance in the Depository - CF at RM50,000,000. In consideration for the above, all revenue accruing to the Depository - CF’s deposits
and investments are to be credited to Bursa Malaysia Depository and all expenditure incurred for and on behalf of the Depository - CF will be paid for by Bursa
Malaysia Depository.
The net assets of the fund are as follows:
2014
2013
RM’000
RM’000
Depository - CF
50,000
50,000
The assets of the fund are segregated from the financial statements of the Group and are accounted for separately.