135 AUDITED FINANCIAL STATEMENTS 2021 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 29 AMOUNTS DUE FROM/(TO) ULTIMATE HOLDING COMPANY, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) Amounts due from subsidiaries Company 2021 2020 RM’000 RM’000 At 1 January 775,893 1,074,468 Net movement during the financial year (426,440) (295,895) Decrease in loss allowance during the financial year 96 813 Write-off 20 – Conversion into ordinary shares # (Note 24) (5,217) (3,493) At 31 December 344,352 775,893 Analysed as: Non-current 172,625 659,455 Current 171,727 116,438 344,352 775,893 Financial year ended 31.12.2021 # On 5 January 2021, the Company subscribed for 277,750 ordinary shares of USD1.00 each from FGV Investment (L) Pte. Ltd. (“FGVI”), a wholly-owned subsidiary of the Company, satisfied via a conversion of an amount due from FGVI of USD277,750, equivalent to RM1,114,000. # On 6 April 2021, the Company subscribed for 74,993 ordinary shares of USD1.00 each from FGVI, satisfied via a conversion of an amount due from FGVI of USD74,993, equivalent to RM310,000. # On 29 June 2021, the Company subscribed for 135,144 ordinary shares of USD1.00 each from FGVI, satisfied via a conversion of an amount due from FGVI of USD135,144, equivalent to RM561,000. # On 13 September 2021, the Company subscribed for 297,193 ordinary shares of USD1.00 each from FGVI, satisfied via a conversion of an amount due from FGVI of USD297,193, equivalent to RM1,245,000. # On 1 November 2021, the Company subscribed for 1,687,613 ordinary shares of RM1.00 each from FGVIF, satisfied via a conversion of an amount due from FGVIF of RM1,687,613. # On 7 December 2021, the Company subscribed for 70,826 ordinary shares of USD1.00 each from FGVI, satisfied via a conversion of an amount due from FGVI of USD70,826, equivalent to RM299,000. Financial year ended 31.12.2020 # On 16 April 2020, the Company subscribed for 442,455 ordinary shares of USD1.00 each from FGV Investment (L) Pte. Ltd. (“FGVI”), a wholly-owned subsidiary of the Company, satisfied via a conversion of an amount due from FGVI of USD442,455, equivalent to RM1,878,000. # On 2 July 2020, the Company subscribed for 158,317 ordinary shares of USD1.00 each from FGVI, satisfied via a conversion of an amount due from FGVI of USD158,317, equivalent to RM672,000. # On 8 October 2020, the Company subscribed for 142,913 ordinary shares of USD1.00 each from FGVI, satisfied via a conversion of an amount due from FGVI of USD142,913, equivalent to RM607,000. # On 16 April 2020, the Company subscribed for 79,158 ordinary shares of USD1.00 each from FGVI, satisfied via a conversion of an amount due from FGVI of USD79,158, equivalent to RM336,000.
RkJQdWJsaXNoZXIy NDgzMzc=