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148 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)

(b) Acquisition of companies in 2010 (continued)

The details of net assets acquired and cash fows arising from the acquisitions of the following signifcant subsidiaries are as follows:

Acquiree’s

carrying amount Fair value

RM’000 RM’000

SMC Healthcare Sdn Bhd

Property, plant and equipment 18,007 18,007

Inventories 2,036 2,036

Receivables, deposits and prepayments 6,596 6,596

Deposits, bank and cash balances 18,303 18,303

Payables (6,397) (6,397)

Deferred tax liabilities (4,080) (4,080)

Fair value of net assets acquired 34,465 34,465

Goodwill on acquisition 16,535

Purchase consideration settled in cash 51,000

Less: Cash and cash equivalents of subsidiaries acquired (18,303)

Cash outfow of the Group on acquisition 32,697

Sri Kota Refractive & Eye Centre Sdn Bhd

Property, plant and equipment 1,562 1,562

Investment 140 140

Inventories 421 421

Receivables, deposits and prepayments 709 709

Bank overdraft (103) (103)

Tax payable (170) (170)

Payables (415) (415)

Deferred tax liabilities (123) (123)

Fair value of net assets acquired 2,021 2,021

Goodwill on acquisition 3,579

Purchase consideration settled in cash 5,600

Less: Cash and cash equivalents of subsidiaries acquired 103

Cash outfow of the Group on acquisition 5,703