1. CORPORATE INFORMATION
KPJ Healthcare Berhad (“the Company”) is a public limited liability company, incorporated and domiciled in Malaysia, and is
listed on the Main Market of Bursa Malaysia Securities Berhad. The registered office of the Company is located at Level 11,
Menara KOMTAR, Johor Bahru City Centre, 80000 Johor Bahru, Johor. The principal place of business of the Company is
located at Level 12, Menara 238, Jalan Tun Razak, 50400 Kuala Lumpur.
The Directors regard Johor Corporation, a body corporate established under the Johor Corporation Enactment (No. 4 of 1968)
(as amended by Enactment No. 5 of 1995), as the ultimate holding corporation.
The principal activities of the Company are investment holding and provision of management services to subsidiaries. The
principal activities of the subsidiaries are mainly the operation of specialist hospitals. The details of the principal activities of
the subsidiaries are disclosed in
Note 15
. There has been no significant change in the nature of the principal activities during
the financial year.
The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the directors
on 9 April 2015.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
2.1 Basis of preparation
The financial statements of the Group and of the Company have been prepared in accordance with Malaysian Financial
Reporting Standards (“MFRS”), International Financial Reporting Standards and the requirements of the Companies Act,
1965 in Malaysia.
The financial statements have been prepared on the historical cost basis except as disclosed in the accounting policies
below.
The financial statements are presented in Ringgit Malaysia (RM) and all values are rounded to the nearest thousand
(RM’000) except when otherwise indicated.
2.2 Changes in accounting policies
The accounting policies adopted are consistent with those of the previous financial year except as follows:
On 1 January 2014, the Group and the Company adopted the following new and amended MFRS and IC Interpretations
mandatory for annual financial periods beginning on or after 1 January 2014.
Description
Effective for annual periods
beginning on or after
Amendments to MFRS 132: Offsetting Financial Assets and Financial Liabilities
1 January 2014
Amendments to MFRS 10, MFRS 12 and MFRS 127: Investment Entities
1 January 2014
Amendments to MFRS 136: Recoverable Amount Disclosures for Non-Financial Assets
1 January 2014
Amendments to MFRS 139: Novation of Derivatives and Continuation of Hedge Accounting
1 January 2014
IC Interpretation 21 Levies
1 January 2014
Adoption of the above standards and interpretations did not have any effect on the financial performance or position of
the Group and of the Company.
210
KPJ Healthcare Berhad annual report
2014
Notes to the
Financial Statements
For the financial year ended 31 December 2014
