Page 160 - KPJ_2011

14. Prepaid leases
15. Investment properties
16. Interest in subsidiaries
Interest in subsidiaries is made up as follows:
The fair value of the properties was estimated at RM26,223,000 (2010: RM24,810,000) based on valuations by an independent
professionally qualimed valuers, using the comparison method of actual sales transactions in the particular area surrounding the
property. Valuations were based on current prices in an active market for the respective properties.
During the mnancial year, the Company has reclassimed amounts due from subsidiaries amounting to RM107.4 million (2010:
RM540.0 million) to interest in subsidiaries. This reclassimcation is in compliance with FRS 139, “Financial Instruments: Recognition
and Measurement” to reclassify balances when the intercompany advances are not of commercial nature, and are interest free
with no mxed terms of repayment.
Cost
At 1 January - 19,572
- effect of adoption of Amendments to FRS 117 - (19,572)
As restated - -
Accumulated amortisation
At 1 January - (413)
- effect of adoption of Amendments to FRS 117 - 413
As restated - -
Group
2011
RM’000
2010
RM’000
As fair value:
At 1 January 24,810 23,215
Additions - 840
Gain on fair value 1,413 755
At 31 December 26,223 24,810
Group
2011
RM’000
2010
RM’000
Unquoted shares, at cost 222,631 222,631
Loans to subsidiaries 647,383 539,991
870,014 762,622
Company
2011
RM’000
2010
RM’000
The net book value of property, plant and equipment pledged for borrowing facility (Note 27) as at 31 December
2011 is RM10,293,000 (2010: RM4,000,000).
Borrowing costs of RM2,962,710 (2010: Nil), arising on financing specifically entered into for the construction of the
hospital building, were capitalised during the mnancial year and included in additions of property, plant and equipment of
the Group during the mnancial year.
Group
2011
RM’000
2010
RM’000
Assets under hire purchase and mnance leases:
- addition during the mnancial year (Note 32(i)) 3,976 6,117
- net book value at the end of mnancial year 31,263 29,642
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2011 (continued)
13. Property, plant and equipment (continued)
The additions and net book value of assets under hire purchase and mnance leases are as follows:
155 ANNUAL REPORT 2011