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Annual Report 2013
KPJ HEALTHCARE BERHAD
205
13.
Property, plant and equipment (continued)
Certain freehold land and buildings stated at valuation were revalued by the directors on 31 December 2010 based on open market
valuations carried out by an independent rm of professional valuers to re ect fair value. The book values of the freehold lands were
adjusted to re ect the revaluation and the resultant surpluses were credited to revaluation reserve.
If the total amounts of the freehold land and buildings had been determined in accordance with the historical cost convention, they would
have been included at:
Group
2013
2012
RM’000
RM’000
Costs
Freehold land
78,700
23,153
Buildings
5,300
15,990
84,000
39,143
Accumulated depreciation
Buildings
(591)
(2,228)
Net carrying amounts
83,409
36,915
The additions and net book value of assets under hire purchase and nance leases are as follows:
Group
2013
2012
RM’000
RM’000
Assets under hire purchase and nance leases:
- Addition during the nancial year (Note 32)
7,569
6,891
- Net book value at the end of nancial year
17,396
15,976
The net book value of property, plant and equipment pledged for borrowing facility (Note 27) as at 31 December 2013 is RM168,362,000
(2012: RM6,016,000).
14.
Other assets
This represents expansion, refurbishment and renovation cost incurred in respect of the hospital building owned by Al-’Aqar Healthcare
REIT. The said cost shall be reimbursed by Al-’Aqar Healthcare REIT upon completion of work.
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)