72 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 11 OTHER GAINS/(LOSSES), NET Group 2021 2020 RM’000 RM’000 Land Lease Agreement (“LLA”): – Fair value charges (Note 47) (3,984) (158,490) Fair value changes in biological assets (net) 56,780 11,246 Financial assets at fair value through profit or loss – Fair value gains/(losses) (Note 35) 794 (1,618) – Gain on disposal 40 – Foreign currency forward contracts: – Losses from mark-to-market and settlement (net) (6,182) (200) Oil palm futures contracts: – (Losses)/gains from mark-to-market and settlement (net) (4,344) 35,169 Sugar futures contracts: – Gains/(losses) from mark-to-market and settlement (net) 12,042 (2,141) Brent crude oil forward option – Losses from mark-to-market and settlement (net) (2,133) – Gain on liquidation of excess raw sugar hedges 30,962 – 83,975 (116,034) 12 FINANCE INCOME AND COSTS Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Finance income: – finance income from financial institutions 22,728 39,612 – – Total finance income 22,728 39,612 – – Finance costs: – loans from ultimate holding company (40,759) (42,335) (40,759) (42,335) – loans from subsidiaries – – (34,524) (12,460) – Islamic short term trade financing (44,800) (71,879) (768) (883) – short term trade financing (7,953) (9,101) – – – Islamic term loans (51,246) (49,573) – – – term loans – (3,092) – – – interest on lease liabilities (14,969) (18,667) (1,487) (1,657) – sukuk (1,451) – (1,451) – Less: amount capitalised in additions of property, plant and equipment 34,245 32,775 – – Total finance costs (126,933) (161,872) (78,989) (57,335) Net finance costs (104,205) (122,260) (78,989) (57,335)
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