FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 257 22 INVESTMENT IN SUBSIDIARIES (Cont’d.) (e) Acquisition of plantation estates in previous financial year (Cont’d.) The assets and liabilities contributed by the plantation estates included in the statement of financial position under the predecessor method of accounting are as follows: Group 2012 RM’000 Property, plant and equipment 727,969 Intangible assets 9,928 Biological assets 1,892,555 Inventories 80,869 Receivables 14,739 Tax recoverable 1,161 Amounts due from/(to) other related companies 83,371 Cash and cash equivalents 783,601 Deferred tax liabilities (19,036) Provision for defined benefit plan (19,243) Payables (202,050) Borrowings (100,000) 3,253,864 The LLA was deemed to be effective from 1 January 2012 pursuant to the contractual arrangements of the LLA and the effects of LLA to the reorganisation reserve are as follows: RM’000 Reorganisation reserve at 1 January 2012 prior to the effects of the LLA 2,347,742 Effects of the LLA: - LLA liability (5,842,694) - Amounts due to a significant shareholder (54,690) - Deferred tax assets 1,460,673 (4,436,711) Reorganisation reserve at 1 January 2012, as restated (2,088,969) The LLA is deemed to be effective from 1 January 2012 pursuant to the contractual arrangements of the LLA and the effects are as follows: RM’000 LLA liability 5,842,694 Amounts due to a significant shareholder 54,690 Deferred tax assets (1,460,673) Adjustment to reorganisation reserve 4,436,711