21 INVESTMENTS IN ASSOCIATES
Group
2015
RM’000
2014
RM’000
Quoted ordinary shares in Al-‘Aqar Healthcare REIT, at cost
323,273
327,891
Disposal
(7,709)
(4,618)
315,564
323,273
Unquoted ordinary shares, at cost
65,799
65,799
Group's share of post-acquisition retained profits and reserves less losses
94,132
85,919
475,495
474,991
Market value of quoted ordinary shares in Al-‘Aqar Healthcare REIT
458,940
461,967
The associates of the Group are as follows:
Associates of Company
Country of
incorporation
Effective equity
interest
Principal activities
2015
%
2014
%
Damansara REIT Managers Sdn Bhd*
#
Malaysia
–
– Manager of Al-‘Aqar Healthcare REIT
Al-‘Aqar Healthcare REIT*^
Malaysia
45
49 Real estate investment trust
Associates of KPJSB
Kedah Medical Centre Sdn Bhd*
Malaysia
46
46 Operating as a specialist hospital
Hospital Penawar Sdn Bhd*
Malaysia
30
30 Operating as a specialist hospital
Healthcare Technical
Services Sdn Bhd*
Malaysia
30
30 Project management and engineering
maintenance services for specialist
hospital
Vejthani Public Company Limited*
Thailand
23
23 International specialist hospital
^ Listed on the Main Market of Bursa Malaysia Securities Berhad.
* Audited by a firm other than PricewaterhouseCoopers.
#
Entity over which the Company exercises significant influence by virtue of it’s’ board representation in Damansara REIT
Managers Sdn Bhd., which controls Al-‘Aqar Healthcare REIT.
295
KPJ Healthcare Berhad
Annual Report
2015
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONTINUED)
