42. CAPITAL MANAGEMENT (CONTINUED)
The Group’s gross gearing ratios as at 31 December 2014 and 2013 were as follows:
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Current borrowings
915,921
857,622
250,000
275,000
Non-current borrowings
335,467
169,870
–
–
Total
1,251,388
1,027,492
250,000
275,000
Shareholders’ funds
1,259,360
1,085,636
621,276
514,655
Gearing ratio
0.99
0.95
0.40
0.53
43. SEGMENTAL REPORTING
The Group principally operates in one main business segment namely the operating of specialist hospitals. Support services
of the Group mainly comprise provision of management services and pathology and laboratory services, marketing and
distribution of pharmaceutical, medical and surgical products and operating a private university college of nursing and allied
health.
Support
Aged care services, Adjustments
Hospitals
Facility corporate
and
Malaysia Indonesia Thailand
Total
Australia and others eliminations Consolidated
RM'000
RM'000
RM'000
RM'000
RM'000
RM'000
RM'000
RM'000
Year ended 31 December 2014
Revenue
Total segment revenue
2,363,392
39,714
– 2,403,106
29,503
810,758 (604,231)
2,639,136
Inter-segment revenue
–
–
–
–
–
(50,115)
50,115
–
Revenue from external customers
2,363,392
39,714
– 2,403,106
29,503
760,643 (554,116) 2,639,136
Results
Share of results of associates
28,740
–
2,426
31,166
3,062
6,187
–
40,415
Adjusted EBITDA*
356,796
240
2,426
359,462
(3,839)
174,681 (161,095)
369,209
Depreciation and amortisation
(93,388)
(2,569)
–
(95,957)
(406)
(11,905)
– (108,268)
Finance cost
(22,921)
(3)
–
(22,924)
(572)
(44,293)
24,932
(42,857)
Profit before zakat and tax
240,487
(2,332)
2,426
240,581
(4,817)
118,483 (136,163)
218,084
Zakat
(2,022)
–
–
(2,022)
–
(250)
–
(2,272)
Income tax expense
(64,893)
–
–
(64,893)
1,619
(10,476)
5,184
(68,566)
Profit for the year
173,572
(2,332)
2,426
173,666
(3,198)
107,757 (130,979)
147,246
Total assets
2,235,486
47,554
– 2,283,040
127,729 4,144,451 (3,219,216) 3,336,004
Investment in associates
366,899
–
68,675
435,574^
35,854
32,515
(28,952)
474,991
Total liabilities
1,231,210
48,088
– 1,279,298
127,963 3,283,657 (2,703,821) 1,987,097
* Earnings before interest, taxation, depreciation and amortisation (“EBITDA”).
^ Related to investment of an associate in Thailand.
293
Notes to the
Financial Statements
For the financial year ended 31 December 2014 (continued)
KPJ Healthcare Berhad annual report
2014
