Basic HTML Version
Annual Report 2013
KPJ HEALTHCARE BERHAD
224
19.
Intangible assets (continued)
(a)
MFRS 3 Business Combinations requires that all identi able assets and liabilities and contingent liabilities assumed in a business
combination to be measured at their fair value at the acquisition date (“Purchase Price Allocation”). The purchase price allocation
should be performed by the acquirer based on the fair value of the net assets acquired. MFRS 3 allows for such purchase price
allocation to be performed by management and corresponding subsequent adjustments to be made within 12 months from the date
of the acquisition. A summary of the acquisitions falling under the ambit of MFRS 3 is as follows:
Book value
Fair value
Acquisition
Cost of
of net asset
of net asset
Impact to
date
acquisition
acquisition
acquisition
goodwill
RM’ mil
RM’ mil
RM’ mil
RM’ mil
Sibu Geriatric Health &
Nursing Sdn Bhd
6-Apr-11
1.2
0.8
0.8
-
Sibu Medical Centre
Sdn Bhd
6-Apr-11
26.9
8.3
11.2 ^^
2.9
Jeta Gardens
Waterford Trust
30-Nov-11
19.0
11.3
11.3
-
^^
Arising from fair value of land and building.
20.
Impairment of assets
Impairment tests for goodwill
Group
2013
2012
RM’000
RM’000
Hospitals
- Malaysia
176,036
143,460
- Indonesia
1,675
1,060
Aged care facility
16,145
16,145
Support services
4,566
4,566
198,422
165,231
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)