152 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 46 LOANS DUE TO SUBSIDIARIES Company 2021 2020 RM’000 RM’000 Unsecured: – Non-current 806,047 1,283,922 – Current 742 121,537 806,789 1,405,459 The loans are denominated as follows: – Ringgit Malaysia 806,789 1,405,459 806,789 1,405,459 Effective finance rate for the loans at date of statement of financial position per annum is as follows: Company 2021 2020 Finance Effective Finance Effective rate finance rate rate finance rate % % Fixed/ Loans due to subsidiaries Fixed 5.02 Floating 5.32 The carrying amount and fair value of the loans due to subsidiaries are as follows: Company Carrying amount Fair value 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Loans due to subsidiaries 806,789 1,405,459 809,782 1,406,461 The fair value of loans due to subsidiaries is based on cash flows discounted using a rate based on the borrowing rate of 5.42% (2020: 5.40%). The fair value of the loans due to subsidiaries is a Level 2 computation. Cash flows and non-cash changes arising from loans due to subsidiaries financing activities are disclosed in statements of cash flows.
RkJQdWJsaXNoZXIy NDgzMzc=