FGV Audited Financial Statements 2024

Group Company Note 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 EQUITY AND LIABILITIES Capital and reserves Share capital 37 7,029,889 7,029,889 7,029,889 7,029,889 Foreign exchange reserve 38 108,107 116,727 – – Reorganisation reserve 39 (3,089,497) (3,089,497) – – Other reserves 40 (3,549) 21,928 – – Retained earnings 2,059,338 1,892,868 810,199 214,327 Equity attributable to owners of the Company 6,104,288 5,971,915 7,840,088 7,244,216 Non-controlling interests 1,511,506 1,610,065 – – Total equity 7,615,794 7,581,980 7,840,088 7,244,216 Non-current liabilities Borrowings 41 1,442,664 1,163,357 1,198,767 796,450 Lease liabilities 42 369,340 351,888 11,363 16,264 Loans due to a subsidiary 43 – – 174,000 663,783 Land lease agreement (“LLA”) liability 44 3,338,206 3,257,842 – – Derivative financial liabilities 34 – 11 – – Provision for asset retirement 45 37,710 32,674 – – Provision for defined benefit plan 46 62,097 62,072 1,119 949 Deferred tax liabilities 47 655,455 591,523 – – 5,905,472 5,459,367 1,385,249 1,477,446 Current liabilities Payables 48 2,060,680 1,296,536 66,131 51,862 Contract liabilities 49 85,623 91,660 – – Amount due to ultimate holding company 27 224,972 276,663 – – Amounts due to other related companies 27 5,572 5,950 264 97 Amounts due to subsidiaries 27 – – 14,642 8,824 Amount due to a joint venture 27 238 506 – – Amount due to an associate 27 539 331 – – Derivative financial liabilities 34 7,485 403 – – Borrowings 41 2,304,971 2,269,445 101,483 100,894 Lease liabilities 42 40,625 30,637 3,363 3,363 Loans due to a subsidiary 43 – – 146,289 309,981 LLA liability 44 325,281 255,971 – – Provision for asset retirement 45 716 734 – – Current tax liabilities 37,003 12,570 805 – 5,093,705 4,241,406 332,977 475,021 Total liabilities 10,999,177 9,700,773 1,718,226 1,952,467 Total equity and liabilities 18,614,971 17,282,753 9,558,314 9,196,683 FGV Holdings Berhad | Audited Financial Statements 2024 16 Statements of Financial Position As at 31 December 2024

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