17 INVESTMENT PROPERTIES
Group
2015
RM’000
2014
RM’000
At fair value:
At 1 January
267,750
62,746
Additions
130
195,218
Transfer to property, plant and equipment (Note 16)
–
(3,255)
Disposal
–
(1,209)
Exchange differences
532
(211)
Gain on fair value recognised in other income (Note 9)
11,421
14,461
At 31 December
279,833
267,750
The fair value of the properties was estimated at RM279,833,000 (2014: RM267,750,000) based on valuations performed by
independent professionally qualified valuers, using either the comparison or investment method as described below.
Fair value hierarchy disclosures for investment properties are in Note 5.
The following table shows a reconciliation of Level 3 fair value:
Group
2015
RM’000
2014
RM’000
At 1 January
205,408
–
Additions
–
192,875
Reclassification from Level 2
63,004
–
Re-measurement recognised in profit or loss
11,421
12,533
At 31 December
279,833
205,408
281
KPJ Healthcare Berhad
Annual Report
2015
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONTINUED)
