FGV Annual Report 2014

25 Prepaid Lease Payments The prepaid lease payments were payment for rights to use the following: Leasehold land Group 2014 RM’000 2013 RM’000 Cost At 1 January 41,329 925 Acquisition of subsidiaries – 40,404 Additions 11,788 – Write offs (4) – 31 December 53,113 41,329 Accumulated amortisation At 1 January 360 210 Amortisation 2,799 150 Write offs (2) – Transfer to property, plant and equipment (Note 19) (81) – Impairment loss 76 – At 31 December 3,152 360 Net book value at 31 December 49,961 40,969 As at 31 December 2014, the carrying amount of prepaid lease lands without title is RM30,418,000 (2013: RM20,392,000). 26 Loan Due from other Related Company Group 2014 RM’000 2013 RM’000 At 1 January – – Reversal of for impairment 26,952 – Repayment (30,817) – Currency translation differences 3,865 – At 31 December – – At 1 Janurary 2013, the loan due from other related company was net of accumulated provision for impairment of RM26,952,000. On April 1 2014, the Group received full repayment and made a reversal of impairment amounting to RM26,952,000, which is recorded in other operating income during the financial year. Felda Global Ventures Holdings Berhad pg 276 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2014