IHH Healthcare Berhad
l
Annual Report 2014
123
Notestothe
FinancialStatements
IHH Healthcare Berhad is a company incorporated and domiciled in Malaysia. It is listed on Bursa Malaysia Securities Berhad and Singapore
Exchange Securities Trading Limited. The address of the Company’s principal place of business and registered office is as follows:
Level 11, Block A
Pantai Hospital Kuala Lumpur
8 Jalan Bukit Pantai
59100 Kuala Lumpur
The consolidated financial statements of the Company as at and for the financial year ended 31 December 2014 comprise the Company and its
subsidiaries (together referred to as the “Group” and individually referred to as “Group entities”) and the Group’s interest in associates and joint
ventures. The financial statements of the Company as at and for the financial year ended 31 December 2014 do not include other entities.
The Company is principally engaged in investment holding activities, whilst the principal activities of the subsidiaries are as stated in Note 46 to the
financial statements. There has been no significant change in the nature of these activities during the financial year.
These financial statements were authorised for issue by the Board of Directors on 30 March 2015.
1.
Basis of preparation
(a) Statement of compliance
The financial statements of the Group and of the Company have been prepared in accordance with Malaysian Financial Reporting
Standards (“MFRSs”), International Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia.
The following are accounting standards, amendments and interpretations of the MFRSs framework that have been issued by the Malaysian
Accounting Standards Board (“MASB”) but have not been adopted by the Group and the Company:
MFRSs, Interpretations and amendments effective for annual periods beginning on or after 1 July 2014
• Amendments to MFRS 2,
Share-based Payment (Annual Improvements 2010-2012 Cycle)
• Amendments to MFRS 3,
Business Combinations (Annual Improvements 2010-2012 Cycle and 2011-2013 Cycle)
• Amendments to MFRS 8,
Operating Segments (Annual Improvements 2010-2012 Cycle)
• Amendments to MFRS 13,
Fair Value Measurement (Annual Improvements 2010-2012 Cycle and 2011-2013 Cycle)
• Amendments to MFRS 116,
Property, Plant and Equipment (Annual Improvements 2010-2012 Cycle)
• Amendments to MFRS 119,
Employee Benefits - Defined Benefit Plans: Employee Contributions
• Amendments to MFRS 124,
Related Party Disclosures (Annual Improvements 2010-2012 Cycle)
• Amendments to MFRS 138,
Intangible Assets (Annual Improvements 2010-2012 Cycle)
• Amendments to MFRS 140,
Investment Property (Annual Improvements 2011-2013 Cycle)
MFRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2016
• Amendments to MFRS 5,
Non-current Assets Held for Sale and Discontinued Operations (Annual Improvements 2012-2014 Cycle)
• Amendments to MFRS 7,
Financial Instruments: Disclosures (Annual Improvements 2012-2014 Cycle)
• Amendments to MFRS 10,
Consolidated Financial Statements
and MFRS 128,
Investments in Associates and Joint Ventures – Sales
or Contribution of Assets between an Investor and its Associate or Joint Venture
• Amendments to MFRS 10,
Consolidated Financial Statements,
MFRS 12,
Disclosure of Interest in Other Entities
and MFRS 128
,
Investments in Associates and Joint Ventures – Investment Entities: Applying the Consolidation Exception
• Amendments to MFRS 11,
Joint Arrangements - Accounting for Acquisitions of Interests in Joint Operations
•
MFRS 14,
Regulatory Deferral Accounts
• Amendments to MFRS 101,
Presentation of Financial Statements – Disclosure Initiatives
• Amendments to MFRS 116,
Property, Plant and Equipment
and MFRS 138,
Intangible Assets – Clarification of Acceptable Methods
of Depreciation and Amortisation
• Amendments to MFRS 116,
Property, Plant and Equipment
and MFRS 141,
Agriculture – Agriculture: Bearer Plants
• Amendments to MFRS 119,
Employee Benefits (Annual Improvements 2012-2014 Cycle)
• Amendments to MFRS 127,
Separate Financial Statements – Equity Method in Separate Financial Statements
• Amendments to MFRS 134,
Interim Financial Reporting (Annual Improvements 2012-2014 Cycle)
