FGV Annual Report 2014

4 Financial Risk Management (continued) (b) Capital risk management policies (continued) The gearing ratio analysis for the Group and the Company are as disclosed below: 2014 2013 Group RM’000 RM’000 With LLA liability Borrowings 2,500,006 1,649,910 Loans due to a significant shareholder 2,202,920 2,697,790 LLA liability 4,680,829 4,844,390 Total debt 9,383,755 9,192,090 Equity attributable to owners of the Company 6,376,233 6,571,008 Gearing ratio 147% 140% Without LLA liability Borrowings 2,500,006 1,649,910 Loans due to a significant shareholder 2,202,920 2,697,790 Total debt 4,702,926 4,347,700 Equity attributable to owners of the Company 6,376,233 6,571,008 Gearing ratio 74% 66% The increase in the gearing ratio during the financial year ended 31 December 2014 resulted primarily from net increase in borrowings arising from subsidiaries acquired during the financial year and dividend payments to shareholders. 2014 2013 Company RM’000 RM’000 Loans due to a significant shareholder 2,202,920 2,697,790 Total equity 7,245,283 7,378,570 Gearing ratio 30% 37% Introduction Performance Highlights About FGV Reports Financial Statements Others Strategy and Value Creation Performance Review & Progress Foreword to Shareholders Annual General Meeting Annual Report 2014 pg 207