15. INVESTMENTS IN SUBSIDIARIES (CONTINUED)
(c) Acquisition of subsidiaries in 2013 (continued):
The details of net assets acquired and cash flows arising from the acquisitions of the following significant subsidiaries
are as follows (continued):
Acquiree’s
carrying
amounts
Fair value
RM’000
RM’000
Rawang Specialist Hospital Sdn Bhd
Property, plant and equipment
74,601
74,601
Trade and other receivables
192
192
Deposit, cash and cash equivalents
2
2
Payables
(8,798)
(8,798)
Bank Borrowing
(37,117)
(37,117)
Fair value of net assets acquired
28,880
28,880
Goodwill on acquisition
21,750
Purchase consideration settled in cash
50,630
Less: Cash and cash equivalents of subsidiaries acquired
(2)
Cash outflow of the Group on acquisition
50,628
A summary of the details of net assets acquired and cash flows arising from the acquisitions during the financial year
are as follows:
Acquiree’s
carrying
amounts
Fair value
RM’000
RM’000
(Restated)
Property, plant and equipment
81,388
83,739
Receivables, deposits and prepayments
4,891
4,891
Deposits, bank and cash balances
9,911
9,911
Payables
(10,402)
(10,402)
Tax Recoverable
(236)
(236)
Bank Borrowing
(37,958)
(37,958)
Deferred taxation
(65)
(613)
Net assets acquired
47,529
49,332
Goodwill on acquisition
31,388
Purchase consideration settled in cash
80,720
Less: Cash and cash equivalents of subsidiaries acquired
(9,911)
Cash outflow of the Group on acquisition
70,809
253
Notes to the
Financial Statements
For the financial year ended 31 December 2014 (continued)
KPJ Healthcare Berhad annual report
2014
