IHH Healthcare Berhad
l
Annual Report 2014
163
Notes to the Financial Statements
16. Amounts due from/(to) subsidiaries
The amounts due from/(to) subsidiaries are unsecured, interest free and are repayable on demand.
17. Cash and cash equivalents
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Cash and bank balances
971,481
600,515
25,196
43,761
Fixed deposits with financial institutions
1,496,346
1,544,312
771,880
791,881
2,467,827
2,144,827
797,076
835,642
Deposits pledged
(3,127)
(4,420)
-
-
Cash collateral received
(4,572)
(4,798)
-
-
Cash and cash equivalents in statements of cash flows
2,460,128
2,135,609
797,076
835,642
Fixed deposits with licenced banks included RM3,127,000 (2013: RM4,420,000) pledged to banks and finance companies for credit facilities
granted to certain subsidiaries.
In respect of the Japan properties acquired by PLife REIT, in July 2010, the vendor has provided a rental income guarantee (“the Rental Income
Guarantee”), in which it agrees to indemnify PLife REIT in the event that the actual revenue in respect of any of the properties in any month
is less than the initial revenue at acquisition, for a maximum duration of seven years and subject to a maximum aggregate claim of 5% of the
purchase price (which is equivalent to approximately JPY154,400,000 (RM4,572,000)).
To further support the Rental Income Guarantee, a cash deposit of JPY154,400,000 (2013: JPY154,400,000), approximately RM4,572,000
(2013: RM4,798,000), was placed with PLife REIT, for withdrawal in respect of valid claims under the Rental Income Guarantee. Any balance left
in the account upon termination of the Rental Income Guarantee will be returned to the vendor.
18. Share capital
Group and Company
Amount
2014
RM’000
Number of
shares
2014
‘000
Amount
2013
RM’000
Number of
shares
2013
‘000
Authorised:
Ordinary shares of RM1.00 each
At 1 January and 31 December
18,000,000
18,000,000
18,000,000
18,000,000
Issued and fully paid:
Ordinary shares of RM1.00 each
At 1 January
8,134,974
8,134,974
8,055,445
8,055,445
Issued during the year
43,596
43,596
79,529
79,529
At 31 December
8,178,570
8,178,570
8,134,974
8,134,974
