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Annual Report 2013
KPJ HEALTHCARE BERHAD
221
17.
Investments in associates
Group
2013
2012
RM’000
RM’000
Quoted ordinary shares in Al-’Aqar Healthcare REIT, at cost
342,967
336,248
Additions
-
55,508
Disposal
(15,076)
(48,789)
327,891
342,967
Group’s share of post acquisition retained pro ts and reserves less losses
81,846
70,477
Unquoted ordinary shares, at cost
65,799
10,312
Additions
-
55,487
475,536
479,243
Share of capital commitments for property, plant and equipment
5,063
5,254
Share of non-cancellable operating lease commitments
553,440
618,119
Market value of quoted ordinary shares in Al-’Aqar Healthcare REIT
436,096
455,754
The associates of the Group are as follows:
Name of company
Country of
incorporation
Effective equity
interest
Principal
activities
2013
2012
%
%
Unit trusts
Al-’Aqar Healthcare REIT ^
Malaysia
49
49 Real estate investment trust
Associates of KPJSB
Kedah Medical Centre Sdn Bhd
Malaysia
46
46 Operating as a specialist hospital
Hospital Penawar Sdn Bhd
Malaysia
30
30 Operating as a specialist hospital
Healthcare Technical Services
Sdn Bhd
Malaysia
30
30 Project management and engineering
maintenance services for specialist
hospital
Vejthani Public Company Limited *
Thailand
23
23 International specialist hospital
^
Listed on the Main Market of Bursa Malaysia Securities Berhad.
*
Audited by a rm other than Ernst & Young.
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)