Page 142 - KPJ_2011

1. Corporate information
The Company is a public limited liability company, incorporated and domiciled in Malaysia and listed on the Main Market
of Bursa Malaysia Securities Berhad.
The registered ofmce of the Company is located at Suite 12B, Level 12, Menara Ansar, 65 Jalan Trus, 80000 Johor Bahru,
Johor. The principal place of business of the Company is located at 202, Jalan Pahang, 53000 Kuala Lumpur.
The principal activities of the Company are investment holding and provision of management services to subsidiaries.
The principal activities of the subsidiaries are mainly the operation of specialist hospitals. The details of the principal
activities of the subsidiaries are set out in Note 16. There were no signimcant changes in the nature of these activities
during the mnancial year ended 31 December 2011, other than the additional activity of providing retirement village and
aged care services arising from the acquisition of Jeta Gardens Waterford Trust in Australia as disclosed in Note 16(b)
(iv) to the mnancial statements.
The mnancial statements were authorised for issue by the Board of Directors in accordance with a resolution of the
Directors on 31 March 2012.
2. Summary of significant accounting policies
2.1 Basis of preparation
The mnancial statements of the Group and of the Company have been prepared in accordance with Financial
Reporting Standards (“FRSs”) and the Companies Act, 1965 in Malaysia. At the beginning of the current
mnancial year, the Group and the Company adopted new and revised FRSs which are mandatory for mnancial
periods beginning on or after 1 January 2011 as described in Note 2.2.
The mnancial statements have been prepared on the historical cost basis except as disclosed in the accounting
policies below.
The mnancial statements are presented in Ringgit Malaysia (“RM”) and all values are rounded to the nearest
thousand (RM’000) except when otherwise indicated.
2.2 Changes in accounting policies
The accounting policies adopted are consistent with those of the previous mnancial year except as follows:
On 1 January 2011, the Group and the Company adopted the following new and amended FRSs and IC
Interpretations mandatory for annual mnancial periods beginning on or after 1 January 2011.
FRS 1 First-time Adoption of Financial Reporting Standards
FRS 3 Business Combinations (revised)
Amendments to FRS 1: Additional Exemptions for First-time Adopters
Amendments to FRS 1: Limited Exemption from Comparative FRS 7 Disclosures for First-time Adopters
Amendments to FRS 2 Share-based Payment
Amendments to FRS 2: Group Cash-settled Share-based Payment Transactions
Amendments to FRS 5 Non-current Assets Held for Sale and Discontinued Operations
Amendments to FRS 7: Improving Disclosures about Financial Instruments
Amendments to FRS 127 Consolidated and Separate Financial Statements
Amendments to FRS 132: Classification of Rights Issues
Amendments to FRS 138 Intangible Assets
IC Interpretation 4 Determining Whether an Arrangement contains a Lease
IC Interpretation 12 Service Concession Arrangements
IC Interpretation 16 Hedges of a Net Investment in a Foreign Operation
IC Interpretation 17 Distributions of Non-cash Assets to Owners
IC Interpretation 18 Transfer of Assets from Customers
Improvements to FRSs issued in 2010
TR-i 4 Shariah Compliant Sale Contracts
Adoption of the above standards and interpretations did not have any signimcant effect on the mnancial
performance and position of the Group and of the Company.
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2011
137 ANNUAL REPORT 2011