FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 224 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 10 FINANCE INCOME AND COSTS Group Company 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 Finance income: - finance income from financial institutions 161,377 103,934 - - - finance income from joint ventures 2,795 3,339 - - - unwinding of discount of financial assets - - - 139 Total finance income 164,172 107,273 - 139 Finance costs: - term loans (249) (5,672) - - - revolving credits (534) (2,506) - (2,506) - loan from a significant shareholder (93,085) (91,174) (93,085) (91,174) - bankers acceptances (8,415) (11,670) - - - unwinding of discount of financial liabilities - (258) - - - realised foreign exchange loss (83) - (83) - - unrealised foreign exchange loss (376) - - - - others (687) - - - Total finance costs (103,429) (111,280) (93,168) (93,680) Net finance income/(costs) 60,743 (4,007) (93,168) (93,541) 11 PROFIT BEFORE ZAKAT AND TAXATION Group Company 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 Matured estates operating expenses 601,593 441,540 - - Replanting expenses 255,836 223,458 - - Estates management fees - 12,340 - - Cost of raw materials and chemicals for production 2,079,752 2,307,443 - - Cost of purchasing CPO and PK and manufacturing cost 7,065,731 7,022,703 - - Cost of petrol, diesel and natural gas 96,057 109,618 - - Service charge on CPO trading 10,912 16,895 - - Property, plant and equipment (Note 19): - Depreciation 98,818 88,818 779 189 - Impairment loss 40,000 32,300 - - - Reversal of impairment - (15,497) - - - Write off 2,335 697 5 - - Gain on disposal (5,978) (1,810) - - - Loss on disposal 2,032 - - - Investment properties (Note 20): - Depreciation 224 463 - - - Impairment loss 1,622 - - - - Gain on disposal (4,508) - - - Intangible assets (Note 21): - Amortisation 11,064 11,098 1,608 468 - Reversal of impairment - (23,878) - - Amortisation of prepaid lease payments (Note 25) 150 70 - - Biological assets (Note 29): - Accelerated depreciation 8,682 8,656 - - - Impairment loss 663 4,316 - - - Write off 32,195 13,638 - -