FGV Annual Report 2012

86 Felda Global Ventures Holdings Berhad 27 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINTLY CONTROLLED ENTITIES, ASSOCIATE AND OTHER RELATED COMPANIES (continued) The amount due from/(to) a significant shareholder are unsecured, interest free and have no fixed terms of repayment. The amounts due from/(to) subsidiaries, jointly controlled entities and associate are unsecured, interest free and have terms of repayment between 30 to 60 days. As at 9 December 2011, TRT ETGO entered into a credit agreement with its joint controlled entity, Bunge ETGO L.P. whereby it agreed to make its revolving commitment available to the jointly controlled entity. The credit period is two years, ending on 9 December 2013, at an interest rate of Canadian LIBOR plus 3%. The amount utilised by the jointly controlled entity as at 31 December 2012 amounted to RM75,306,000 (2011: RM45,520,000). Amounts due to other related companies are unsecured, interest free and are payable between 60 to 120 days (2011: 60 to 120 days). Company 2012 2011 RM’000 RM’000 Amounts due from subsidiaries: At 1 January 197,179 175,512 Unwinding of discount 139 2,929 Advance to subsidiaries 1,180,417 18,986 Conversion into RCPS/RCCPS # (Note 21) (1,338,532) – Fair value adjustment 244 (248) At 31 December 39,447 197,179 Analysed as: Company 2012 2011 RM’000 RM’000 Non-current – 6,910 Current 39,447 190,269 39,447 197,179 # On 31 December 2012, the Company subscribed for 1,142,038,242 RCPS of RM0.01 each from Felda Global Ventures Downstream Sdn Bhd (“FGVD”), a wholly owned subsidiary of the Company, by conversion of amount due from FGVD of RM1,142,038,242. On 31 December 2012, the Company subscribed for 196,493,801 RCPS of RM0.01 each from Felda Global Ventures Plantations Sdn Bhd (“FGVP”), a wholly owned subsidiary of the Company, by conversion of amount due from FGVP of RM196,493,801. The amounts due from/(to) a significant shareholder, subsidiaries, associate and other related companies are denominated in Ringgit Malaysia. The amounts due to jointly controlled entities was denominated in Canadian Dollar. The amounts due from jointly controlled entities is denominated as follows: Group 2012 2011 RM’000 RM’000 – Ringgit Malaysia 242,918 – – Canadian Dollar 75,306 45,520 318,224 45,520 Notes to the Financial Statements for the financial year ended 31 December 2012