43 LOANS DUE TO A SUBSIDIARY Company 2024 2023 RM’000 RM’000 Unsecured: – Non-current 174,000 663,783 – Current 146,289 309,981 320,289 973,764 The loans are denominated in Ringgit Malaysia. Effective finance rate for the loans at date of statement of financial position per annum is as follows: Company 2024 2023 Finance rate Effective finance rate % Finance rate Effective finance rate % Loans due to a subsidiary Fixed 5.02 – 5.92 Fixed 5.02 The carrying amount and fair value of the loans due to a subsidiary are as follows: Company Carrying amount Fair value 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Loans due to a subsidiary 320,289 973,764 321,241 983,881 The fair value of loans due to a subsidiary is based on cash flows discounted using a rate based on the borrowing rate of 5.02% (2023: 5.02%) per annum. The fair value of the loans due to a subsidiary is a Level 2 computation. Cash flows and non-cash changes arising from loans due to a subsidiary are disclosed in statements of cash flows. FGV Holdings Berhad | Audited Financial Statements 2024 Notes to the Financial Statements For the financial year ended 31 December 2024 160
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