Page 165 - KPJ_2011

16. Interest in subsidiaries (continued)
(b) Acquisition of companies in 2011 (continued):
The details of net assets acquired and cash nows arising from the acquisitions of the following signimcant
subsidiaries are as follows:
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2011 (continued)
Sibu Medical Centre
Corporation Sdn Bhd
Property, plant and equipment 10,738 10,738
Other investment 79 79
Receivables, deposits and prepayments 4,178 4,178
Deposits, cash and bank balances 507 507
Payables (1,217) (1,217)
Tax recoverable 111 111
Bank borrowing (1,690) (1,690)
Deferred taxation (722) (722)
Fair value of net assets acquired 11,984 11,984
Goodwill on acquisition 14,920
Purchase consideration settled in cash 26,904
Less: Cash and cash equivalents of subsidiary acquired (507)
Cash outnow of the Group on acquisition 26,397
Sibu Geriatric Health and Nursing Centre Sdn Bhd
Property, plant and equipment 508 508
Receivables, deposits and prepayments 63 63
Deposits, cash and bank balances 255 255
Payables (16) (16)
Deferred taxation (16) (16)
Fair value of net assets acquired 794 794
Goodwill on acquisition 448
Purchase consideration settled in cash 1,242
Less: Cash and cash equivalents of subsidiary acquired (255)
Cash outnow of the Group on acquisition 987
Jeta Gardens Waterford Trust
Property, plant and equipment 9,467 9,467
Interest in associates 23,902 23,902
Other investment 67 67
Trade and other receivables 793 793
Deposit, cash and cash equivalents 10,316 10,316
Payables (33,720) (33,720)
Bank borrowing (7,970) (7,970)
Fair value of net assets acquired 2,855 2,855
Goodwill on acquisition 16,145
Purchase consideration settled in cash 19,000
Less: Cash and cash equivalents of subsidiary acquired (10,316)
Cash outnow of the Group on acquisition 8,684
Fair value
RM’000
Acquiree’s
carrying
amounts
RM’000
ANNUAL REPORT 2011 160