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NOTES TO
THE FINANCIAL
STATEMENTS
FOR THE YEAR
ENDED 30 JUNE 2014
7. OTHER INVESTMENTS
Company
2014 2013
RM'000 RM'000
Held-to-maturity
Junior Bonds
- Kesturi 180,000 35,000
During current financial year, the Company has subscribed additional RM145 million Junior Bonds from Kesturi.
The salient features of the Junior Bonds are as follows:
(i) The Junior Bonds have a tenure of 21 years (2013: 19.5 years) from the date of issuance; and
(ii) The Junior Bonds’ coupon is calculated at a rate of 11.5% (2013: 11.5%) p.a., any interest on overdue and payable
amount shall be payable at 1% p.a. plus the prescribed coupon of the Junior Bonds.
8. AMOUNTS OWING BY/(TO) SUBSIDIARIES
The amounts owing by subsidiaries included under non-current assets represents unsecured advances which are
interest free and not receivable within the next 12 months.
The amounts owing by subsidiaries included under current assets represents unsecured advances which are interest
free and payable within 12 months except for an amount of RM20,389,502 (2013 : RM23,852,000) which bears interest
at 2.99% (2013 : 3.00%) per annum.
The amounts owing to subsidiaries included under current liabilities represents unsecured advances which are interest
free and payable within 12 months.
9. DEFERRED TAX ASSETS
Group Company
2014 2013 2014 2013
RM'000 RM'000 RM'000 RM'000
At 1 July 6,227 10,528 - -
Recognised in profit or loss
(706)
(4,301)
-
-
At 30 June
5,521
6,227
-
-
The Group has recognised the deferred tax assets as it is probable that its existing businesses would generate sufficient
taxable profit in the future against which the deferred tax assets can be utilised.
At 30 June 2014, the Group has not recognised deferred tax assets arising from the following temporary differences
as it is not probable that future taxable profit will be available against which the assets can be utilised.
EKOVEST BERHAD
ANNUAL REPORT 2014
78