FGV Annual Report 2012

238 Felda Global Ventures Holdings Berhad PROFIT GUARANTEE There was no profit guarantee given by the Company during the financial year ended 31 December 2012. MATERIAL CONTRACTS Save for those disclosed in the financial statements, there were no material contracts including contracts relating to any loans entered into by the Company and its subsidiaries involving Directors and major shareholders’ interests. REVALUATION POLICY The Company does not have a regular revaluation policy on landed properties. NON-AUDIT FEES The amount of non-audit fees incurred for services rendered to the Group and Company by its external auditors, PricewaterhouseCoopers (PwC) for the financial year ended 31 December 2012 amounted to RM5.34 million. RECURRENT RELATED PARTY TRANSACTIONS (RRPT’s) All RRPT’s are reviewed by the Group Internal Audit and a report on any RRPT’s entered into by the Company will be submitted to the Audit Committee for approval. The Company did not enter into any RRPT’s requiring shareholders’mandate during the financial year ended 31 December 2012. Additional Disclosure