FGV Audited Financial Statements 2019

141 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 (CONTINUED) (a) Details of subsidiaries are as follows: (continued) Name of subsidiary Place of business/ country of incorporation Nature of business Proportion of ordinary shares directly held by FGVH Proportion of ordinary shares held by the Group Proportion of ordinary shares held by non-controlling interests Proportion of RCPS/RCCPS held by the Group 2019 % 2018 % 2019 % 2018 % 2019 % 2018 % 2019 % 2018 % Indirect subsidiaries (continued) Subsidiaries of FGV Palm Industries Sdn. Bhd (continued) Delima Oil Products Sdn. Bhd. Malaysia Processing, packaging, and distribution of finished consumer and industrial palm oil products - - 72.0 72.0 28.0 28.0 - - FGV Marketing Services Sdn. Bhd. Malaysia Marketing of group products - - 36.7 36.7 63.3 63.3 - - FNI Biofuel Sdn. Bhd. * Malaysia Manufacturing of biomass fuel from empty fruit bunch - - 72.0 72.0 28.0 28.0 - - Subsidiary of FGV Refineries Sdn. Bhd. F.S. Oils Sdn. Bhd. * (Note 6) Malaysia Under liquidation - - 48.0 48.0 52.0 52.0 - -