FGV Audited Financial Statements 2019

121 01 S E C T I O N NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 AUDITED FINANCIAL STATEMENTS 2019 24 INVESTMENT IN SUBSIDIARIES Company 2019 RM’000 2018 RM’000 At cost less accumulated impairment (i) Malaysian quoted shares: Ordinary shares: At 1 January 270,026 270,026 Impairment loss (Note 24(d)) (73,836) - At 31 December 196,190 270,026 (ii) Malaysian unquoted shares: Ordinary shares: At 1 January 6,592,493 6,571,706 Additions 270,000 12,962 Disposal of a subsidiary (200,000) - Conversion of amount due from a subsidiary into ordinary shares (Note 29) 8,118 7,825 At 31 December 6,670,611 6,592,493 (iii) Foreign unquoted shares: At 1 January 110,419 110,419 Disposal of a subsidiary (101,187) - At 31 December 9,232 110,419 (iv) RCPS/RCCPS: At 1 January 1,796,335 1,796,334 Impairment loss (Note 24(d)) (263,086) - At 31 December 1,533,249 1,796,334 (v) Capital contribution to subsidiaries: At 1 January/31 December 15,482 15,482 Total 8,424,764 8,784,754 Market value of Malaysian quoted shares, based on Group’s effective interest 315,498 932,152 The disclosure of market value of Malaysia quoted shares is based on Level 1 fair value computation.