Page 166 - KPJ_2011

16. Interest in subsidiaries (continued)
(b) Acquisition of companies in 2011 (continued):
A summary of the details of net assets acquired and cash nows arising from the acquisitions during the mnancial
year are as follows:
17. Interest in associates
* Included in the Group’s share of post acquisition retained promts are accumulated fair value adjustments amounting
to RM25.9 million in relation to investment properties of an associate, Al-’Aqar Healthcare REIT
Property, plant and equipment 20,713 20,713
Other investment 146 146
Interest in associates 23,902 23,902
Receivables, deposits and prepayments 5,034 5,034
Deposits, bank and cash balances 11,078 11,078
Payables (34,953) (34,953)
Tax recoverable 111 111
Bank borrowings (9,660) (9,660)
Deferred taxation (738) (738)
Fair value of net assets acquired 15,633 15,633
Goodwill on acquisition (Note 19) 31,513
Purchase consideration settled in cash 47,146
Less: Cash and cash equivalents of subsidiaries acquired (11,078)
Cash outflow of the Group on acquisition 36,068
Fair value
RM’000
Acquiree’s
carrying
amounts
RM’000
Quoted ordinary shares in Al-’Aqar Healthcare REIT, at cost 279,310 279,310
Additions 65,360 -
344,670 279,310
Group’s share of post acquisition retained promts and reserves less losses * 43,730 17,730
Unquoted ordinary shares, at cost 10,312 10,312
398,712 307,352
Share of capital commitments for property, plant and equipment 47,799 2,505
Share of non-cancellable operating lease commitments 527,693 21,785
Market value of quoted ordinary shares in Al-’Aqar Healthcare REIT 396,370 319,481
Group
2011
RM’000
2010
RM’000
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2011 (continued)
161 ANNUAL REPORT 2011