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Annual Report 2013
KPJ HEALTHCARE BERHAD
206
15.
Investment properties
Group
2013
2012
RM’000
RM’000
At fair value:
At 1 January
53,118
26,223
Additions
8,982
25,697
Gain on fair value (Note 6)
646
1,198
At 31 December
62,746
53,118
The fair value of the properties was estimated at RM62,746,000 (2012: RM53,118,000) based on valuations performed by independent
professionally quali ed 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.
16.
Investments in subsidiaries
Investments in subsidiaries is made up as follows:
Company
2013
2012
RM’000
RM’000
Unquoted shares, at cost
222,631
222,631
Loans to subsidiaries
725,289
654,898
947,920
877,529
During the nancial year, the Company has reclassi ed amounts due from subsidiaries amounting to RM70.4 million (2012: RM7.5 million)
to interest in subsidiaries. This reclassi cation, in compliance with MFRS 139, “Financial Instruments: Recognition and Measurement”,
is to reclassify balances when the intercompany advances are not of commercial nature, and are interest free with no xed terms of
repayment.
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)