Page 152 - ar2010

150 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)

(c) Acquisition of companies in 2009 (continued)

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

SSH LMSB KKSH Total RM’000 RM’000 RM’000 RM’000

Share of net assets acquired 8,860 1,493 146 10,499 Purchase consideration settled in cash (14,150) (1,000) 0 (15,150) Conversion of RCULS to ordinary shares 0 0 (203) (203)

Goodwill/(negative goodwill) on acquisition 5,290 (493) 57 4,854

Goodwill on acquisition 5,290 0 57 5,347 Negative goodwill on acquisition 0 (493) 0 (493)

5,290 (493) 57 4,854

21 INTEREST IN ASSOCIATES

Group 2010 2009 RM’000 RM’000

Quoted ordinary shares in Al-‘Aqar KPJ REIT, at cost 279,310 220,600 Less: Accumulated impairment losses 0 (6,460)

279,310 214,140 Unquoted ordinary shares, at cost 10,312 10,312 Group’s share of post acquisition retained profts and reserves less losses 17,730 15,030

307,352 239,482

Share of capital commitments for property, plant and equipment 2,505 1,610

Share of non-cancellable operating lease commitments 21,785 23,521

Market value of quoted ordinary shares in Al-‘Aqar KPJ REIT 319,481 222,383

The associates of the Group are as follows:

Group’s effective Country of interest

Name of company incorporation 2010 2009 Principal activities

% % Unit trusts

Al-‘Aqar KPJ REIT ≠ Malaysia 49 43 Real Estate Investment Trust

Associates of Kumpulan

Perubatan (Johor) Sdn Bhd

Kedah Medical Centre Sdn Bhd ≠ Malaysia 46 46 Operating as a specialist hospital

Hospital Penawar Sdn Bhd Malaysia 30 30 Operating as a specialist hospital