FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 274 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 28 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, ASSOCIATE AND OTHER RELATED COMPANIES (CONT’D.) (d) Amounts due from subsidiaries: Group 2013 2012 RM’000 RM’000 At 1 January 39,447 197,179 Unwinding of discount - 139 Advance to subsidiaries 51,218 1,180,417 Conversion into ordinary shares * (Note 22) (32,081) - Conversion into RCPS/RCCPS # (Note 22) - (1,338,532) Fair value adjustment - 244 At 31 December 58,584 39,447 Analysed as: Current 58,584 39,447 2013 * On 14 November 2013, the Company subscribed for 73,206,521 ordinary shares of RM1.00 each from Felda Global Ventures Downstream Sdn. Bhd. (“FGVD”), a wholly owned subsidiary of the Company, for a cash consideration of RM50,000,000 and by conversion of an amount due from FGVD of RM23,206,521. On 18 December 2013, the Company subscribed for 9,774,529 ordinary shares of RM1.00 each fromFelda Global Ventures Plantations Sdn. Bhd. (“FGVP”), a wholly owned subsidiary of the Company, for a cash consideration of RM900,000 and by conversion of an amount due from FGVP of RM8,874,529. On 18 December 2013, the Company subscribed for 68,767,229 ordinary shares of RM1.00 each from FGVD, for a cash consideration of RM68,767,229. 2012 # On 31 December 2012, the Company subscribed for 1,142,038,242 RCPS of RM0.01 each from FGVD, 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 FGVP, by conversion of amount due from FGVP of RM196,493,801.