Page 145 - ar2010

143

notes to the

financial statements

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

20 INTEREST IN SUBSIDIARIES

Interest in subsidiaries is made up as follows:

company 2010 2009 RM’000 RM’000

Unquoted shares, at cost 222,631 222,631 Loans in subsidiaries 539,991 0

762,622 222,631

During the fnancial year, the Company has reclassifed amounts due from subsidiaries amounting to RM540 million to investment in subsidiaries. This reclassifcation is in compliance with FRS 139, “Financial instrument: Recognition and Measurement” to reclassify balances when the intercompany advances are not of commercial nature, interest free with no fxed terms of repayment.

(a) The following are subsidiaries of the Company:

Group’s effective Country of interest

Name of company incorporation 2010 2009 Principal activities

% %

Johor Specialist Hospital Sdn Bhd Malaysia 100 100 Operating as a specialist hospital

Ipoh Specialist Hospital Sdn Bhd Malaysia 98 98 Operating as a specialist hospital

Kumpulan Perubatan (Johor) Sdn Bhd Malaysia 100 100 Investment holding, provision of management services, rental of equipment and health screening services through wellness program

Puteri Specialist Hospital (Johor) Malaysia 100 100 Operating as a specialist Sdn Bhd# hospital

Tawakal Holdings Sdn Bhd Malaysia 100 100 Investment holding

Subsidiary of

Johor Specialist Hospital Sdn Bhd

Renalcare Perubatan (M) Sdn Bhd Malaysia 100 100 Retail shop

Subsidiary of

Tawakal Holdings Sdn Bhd

Pusat Pakar Tawakal Sdn Bhd + Malaysia 100 100 Operating as a specialist hospital

Subsidiaries of Kumpulan

Perubatan (Johor) Sdn Bhd

Bukit Mertajam Specialist Malaysia 100 70 Operating as a specialist Hospital Sdn Bhd hospital

Kota Kinabalu Specialist Hospital Malaysia 97 97 Operating as a specialist Sdn Bhd hospital