Page 144 - ar2010

142 KPJ Healthcare Berhad

(Company No. 247079 M)

Annual Report 2010

notes to the

financial statements

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010 (cont’d)

18 PREPAID LEASES (continued)

Group 2010 2009 RM’000 RM’000

Less: Accumulated amortisation

At 1 January (413) (313) - effect of adoption of Amendment to FRS 117 413 313

As restated 0 0

Less: Accumulated impairment losses

1 January 0 (1,374) - effect of adoption of Amendment to FRS 117 0 1,374

At 31 December 0 0

Net book value 0 0

19 INVESTMENT PROPERTIES

Group 2010 2009 RM’000 RM’000

At 1 January 23,215 25,488 Additions 840 3,770 Reclassifcation from non-current asset held for sales (Note 29) 0 2,107 Gain/(loss) on fair value (Note 8(a)) 755 (150) Reclassifcation to property, plant and equipment (Note 17) 0 (8,000)

At 31 December 24,810 23,215

The fair value of the properties was estimated at RM24,810,000 (2009: RM23,215,000) based on valuations by an independent professionally qualifed valuers, CH Williams, Talhar & Wong of 3228, Menara Tun Razak, Jalan Raja Laut, 50768 Kuala Lumpur and Directors’ valuations based on the comparison method of actual sales transactions in the particular area surrounding the property. Valuations were based on current prices in an active market for the respective properties.

The following amounts have been recognised in the proft or loss:

Group 2010 2009 RM’000 RM’000

Rental income (193) (193) Direct operating expenses arising from investment

properties that generate rental income 5 5