FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 291 44 LOAN DUE TO A SIGNIFICANT SHAREHOLDER Group and Company 2013 2012 RM’000 RM’000 Unsecured: - Non-current 2,473,828 1,620,714 - Current 223,962 219,557 2,697,790 1,840,271 The loan is repayable as follows: 2013 - 219,557 2014 223,962 214,286 2015 214,286 214,286 2016 214,286 214,286 2017 214,286 214,286 2018 214,285 214,285 2019 214,285 214,28 2020 335,000 335,000 2023 1,067,400 - 2,697,790 1,840,27 The loan is denominated as follows: - Ringgit Malaysia 2,697,790 1,840,271 Effective finance rate for the loan is as follows: Group and Company 2013 2012 Effective Effective finance rate finance rate at date of at date of statement statement of financial of financial Finance position Interest position rate % per annum rate % per annum Loan due to a significant shareholder Fixed 4.955 Fixed 4.994 The carrying amounts and fair value of the non-current and current loan due to a significant shareholder are as follows: Group and Company Carrying amount Fair value 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 Loan due to a significant shareholder 2,697,790 1,840,271 2,525,778 1,757,621 The fair value of loan due to a significant shareholder is based on cash flows discounted using a rate based on the borrowing rate of 6.20% (2012 : 6.20%).