Page 148 - ar2010

146 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)

20 INTEREST IN SUBSIDIARIES (continued)

(a) The following are subsidiaries of the Company: (continued)

Group’s effective Country of interest

Name of company incorporation 2010 2009 Principal activities

% % Subsidiary of

Selangor Specialist Hospital Sdn Bhd

Hospital Pusrawi SMC Sdn Bhd ≠ Malaysia 51 51 Operating as a specialist hospital

Subsidiary of

Sentosa Medical Centre Sdn Bhd

Renal-Link Sentosa Sdn Bhd Malaysia 100 100 Dormant

Subsidiary of

PharmaCARE Sdn Bhd

Open Access Sdn Bhd Malaysia 100 100 Retail pharmacy

Subsidiaries of

Pharmaserv Alliances Sdn Bhd

Medical Supplies (Sarawak) Malaysia 75 75 Distributor of pharmaceutical Sdn Bhd products

Malaysian Institute of Healthcare Malaysia 75 75 Dormant Management Sdn Bhd

FP Marketing (S) Pte Ltd * Singapore 100 100 Import, export and distributors of pharmaceutical, medical and consumer healthcare products

Subsidiary of

SMC Healthcare Sdn Bhd

Amity Development Sdn Bhd Malaysia 51 0 Dormant

# Direct equity holding by the Company is 84% (2009: 84%) + Direct equity holding by the Company is 14% (2009: 14%) ^ Direct equity holding by the Company is 10% (2009: 10%)

* Audited by frms other than PricewaterhouseCoopers International Limited ≠ Audited by frms other than PricewaterhouseCoopers, Malaysia

(b) Acquisition of companies in 2010

During the fnancial year, the Group completed its acquisition in new interests and increased its stake in several subsidiaries as follows:

2010

RM’000

Additional interests in subsidiaries [Note (b)(i)] 4,698

Subscription of rights issue in subsidiaries [Note (b)(iii), (b)(iv), (b)(vi) and (b)(vii)] 17,430

Acquisition of interests in newly acquired subsidiaries [Note (b)(ii) and (b)(v)] 56,600

78,728

Less: Cash and cash equivalents of subsidiaries acquired (18,200)

Cash outfow of the Group on acquisition of subsidiaries 60,528