FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 273 28 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, ASSOCIATE AND OTHER RELATED COMPANIES Group Company 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 Amounts due from Significant shareholder 81,923 73,091 377 52,442 Subsidiaries - - 58,584 39,447 Joint ventures 421,838 318,224 - - Associate 37 - - - Other related companies* 29,060 503,650 61 63,776 532,858 894,965 59,022 155,665 Amounts due to Significant shareholder (386,921) (93,826) (3,833) (66) Subsidiaries - - (88,734) (78,676) Joint ventures (23,000) - - - Associate - (69,510) - (69,510) Other related companies* (4,723) (755,023) (563) (1,430) (414,644) (918,359) (93,130) (149,682) * Amount due from/(to) other related companies as at 31 December 2012 were mainly from FHB, which was previously accounted for as an associate. As at 31 December 2013, the amount due from/(to) FHB has been eliminated at Group as FHB become a wholly owned subsidiary of the Company on 27 December 2013. (a) The amount due from/(to) a significant shareholder, subsidiaries, joint ventures, associate and other related companies are unsecured, finance free and and have credit terms ranging from 15 to 120 days (2012: 30 to 60 days). (b) In 2011, TRT ETGO entered into a credit agreement with its joint venture, Bunge ETGO L.P. whereby it agreed to make its revolving commitment available to the joint venture. The credit period is two years, ending on 9 December 2013, at an interest rate of Canadian LIBOR plus 3%. As at 31 December 2012, TRT ETGO had provided loans to Bunge ETGO L.P. amounting to RM75,306,000. With the termination of the partnership agreement (refer Note 15), the loan was terminated and fully reimbursed on 27 September 2013. (c) The amounts due from/(to) a significant shareholder, subsidiaries, joint ventures, associate and other related companies are principally denominated in Ringgit Malaysia.