176 / 222
FINANCIAL REPORTS
168
Bursa Malaysia •
Annual Report 2015
NOTES TO THE
FINANCIAL STATEMENTS
31 DECEMBER 2015
29. Deferred grants (cont’d.)
The deferred grants of the Group refer to grants for the development of the bond trading platform, the development of clearing facilities and the licence
for the order management system for the derivatives market, and the construction of an Environmental, Social and Governance (“ESG”) index. The
deferred grants of the Company refers to the grant for the development of the bond trading platform and the construction of an ESG index. There are
no unutilised conditions or contingencies attached to these grants.
30. Other payables
Group
Company
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
Accruals
17,783
18,679
11,110
12,577
Amount due to Securities Commission
6,386
5,187
-
-
Capital Market Education and Integrity Fund (“CMEIF”)
21,871
20,424
21,722
20,424
Provision for employee benefits
27,940
24,377
25,425
22,171
Receipts in advance
7,889
3,743
541
676
Sundry payables
25,428
21,122
8,866
7,101
107,297
93,532
67,664
62,949
Included in sundry payables of the Group is cash received for eDividend distributions amounting to RM3,640,000 (2014: RM1,318,000).
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:
2015
2014
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.