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Annual Report 2013
KPJ HEALTHCARE BERHAD
249
36.
Signi cant events (continued)
(i)
Proposed Business between Kumpulan Perubatan (Johor) Sdn Bhd (“KPJSB”) and Father of the Nation Bangabandhu Sheikh
Mujibur Rahman Memorial Trust
On 18 November 2013, KPJSB entered into a Deed of Agreement with Father of the Nation Bangabandhu Sheikh Mujibur Rahman
Memorial Trust to lease a 250-bed hospital building known as “Sheikh Fazilatunnessa Mujib Memorial KPJ Specialist Hospital”
erected on a piece of land located approximately 50 kilometres from Dhaka, Bangladesh (“the Land”)(collectively “Hospital
Building”). The Hospital Building was built at a cost of Tk2.15 billion (equivalent to RM87.5 million).
Pursuant to the Agreement, KPJSB or its nominee company, KPJ Healthcare (Bangladesh) Private Limited, a subsidiary of KPJSB
in Bangladesh, will be the license operator of the said Hospital. KPJ Healthcare (Bangladesh) Private Limited will be incorporated
upon the ful llment of the Conditions Precedent .
The proposed business is expected to commence in the second quarter of 2014.
37.
Capital commitments
Capital expenditure not provided for in the nancial statements is as follows:
Group
2013
2012
RM’000
RM’000
Approved by the directors and contracted
191,557
163,475
Approved by the directors but not contracted
298,759
267,441
490,316
430,916
Analysed as follows:
- Leasehold land
1,500
5,700
- Buildings
342,209
253,314
- Medical equipment
68,479
24,199
- Other property, plant and equipment
78,128
147,703
490,316
430,916
The Group’s interest in capital commitments of the associates is disclosed in Note 17.
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)