FGV Annual Report 2012

65 F i n a n c i a l S t a t e m e n t s 2 0 1 2 P e n y a t a K e w a n g a n 21 INVESTMENT IN SUBSIDIARIES Company 2012 2011 RM’000 RM’000 At cost less accumulated impairment (i) Malaysian quoted shares: Ordinary shares: At 1 January 270,026 – Additions – 270,026 At 31 December 270,026 270,026 (ii) Malaysian unquoted shares: Ordinary shares: At 1 January 500 76,810 Additions 283,400 – Disposal – (26,310) Impairment loss – (50,000) At 31 December 283,900 500 (iii) Foreign unquoted shares: At 1 January/31 December 9,233 9,233 (iv) RCPS/RCCPS: At 1 January 1,719,917 2,637,223 Conversion of amounts due from subsidiaries into RCPS/RCCPS (Note 27) 1,338,532 – Redemption of RCPS/RCCPS * – (223,606) Disposal # (620,759) – Impairment loss (115,356) (693,700) At 31 December 2,322,334 1,719,917 (v) Capital contribution to subsidiaries: At 1 January 11,937 11,689 Fair value adjustment – 248 Financial guarantee contract (Note 46) 13,476 – Disposal (9,813) – At 31 December 15,600 11,937 Total 2,901,093 2,011,613 Market value of Malaysian quoted shares, based on Company’s direct interest 371,864 376,493