Page 158 - ar2010

156 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)

28 DEPOSITS, CASH AND BANK BALANCES (continued)

The fxed deposits of certain subsidiaries have been pledged to licensed banks for the following facilities:

Group 2010 2009 RM’000 RM’000

Performance bonds to Tenaga Nasional Berhad 4,059 180 As a security for:

- borrowing facilities 1,128 1,359 - performance guarantee of RM112,000 (2009: RM112,000) 112 112

5,299 1,651

The weighted average interest rates of deposits with licensed banks of the Group during the fnancial year were 2.76% (2009: 2.37%) per annum.

The currency exposure profle of deposits, cash and bank balances as at end of the reporting period is as follows:

Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000

Ringgit Malaysia 188,479 141,392 13,593 10,191 Singapore Dollar 4,417 2,472 0 0 Indonesian Rupiah 4,222 0 0 0

197,118 143,864 13,593 10,191

Deposits of the Group have an average maturity of 365 days (2009: 365 days).

29 NON-CURRENT ASSETS HELD FOR SALE

Group 2010 2009 RM’000 RM’000

Hospitals land and buildings

At 1 January 103,765 246,478 Additions 12,526 7,306 Reclassifcation from property, plant and equipment (Note 17) 106,321 16,537 Disposals (116,638) (164,449) Reclassifcation to investment properties (Note 19) 0 (2,107)

At 31 December 105,974 103,765

(a) During the fnancial year, KPJ Healthcare Berhad disposed KPJ Tawakkal Specialist Hospital’s new building on 4 June 2010 upon

issuance of the certifcate of ftness resulting in gain on disposal of RM290,000.

(b) On 30 April 2010, KPJ proposed to dispose its entire interest in Rumah Sakit Bumi Serpong Damai (“RSBSD”) Building, Kluang

Utama Specialist Hospital Building and Bandar Baru Klang Specialist Hospital Building to Al-‘Aqar KPJ Real Estate Investment Trust (“Al-‘Aqar KPJ REIT”) for a proposed total sale consideration of RM138.77 million to be satisfed partly by cash consideration of RM83.26 million and partly by issuance of RM56.64 million new units in Al-‘Aqar at an issue price of RM0.98 per unit to be credited as fully paid-up. The proposed disposal was approved by shareholders on 17 December 2010.