FGV Audited Financial Statements 2019

188 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 45 LEASE LIABILITIES (CONTINUED) Company 31.12.2019 RM’000 31.12.2018 RM’000 1.1.2018 RM’000 Non-current 32,064 30,500 10,099 Current 3,363 8,133 4,692 35,427 38,633 14,791 46 LOANS DUE TO A SIGNIFICANT SHAREHOLDER Group and Company 2019 RM’000 2018 RM’000 Unsecured: - Non-current 883,176 1,074,045 - Current 3,322 85,058 886,498 1,159,103 Early settlements of loans due to a significant shareholder totalling RM272 milion were made during the financial year (2018: RM130 million). The loans are denominated as follows: Group and Company 2019 RM’000 2018 RM’000 - Ringgit Malaysia 886,498 1,159,103 Effective finance rate for the loans is as follows: Group and Company 2019 2018 Finance rate Effective finance rate at date of statement of financial position per annum % Finance rate Effective finance rate at date of statement of financial position per annum % Loans due to a significant shareholder Fixed 4.837 Fixed 4.911