FGV Annual Report 2014

28 Amounts due from/(to) a Significant Shareholder, Subsidiaries, Joint Ventures, an Associate and other Related Companies (continued) (c) Amounts due from subsidiaries Company 2014 2013 RM’000 RM’000 At 1 January 58,584 39,447 Net movement during the financial year 67,584 51,218 Conversion into ordinary shares # (Note 22) (24,407) (32,081) At 31 December 101,761 58,584 Analysed as: Current 101,761 58,584 2014 # On 31 October 2014, the Company subscribed for additional 24,406,600 ordinary shares of RM1.00 each from Felda Global Ventures Plantations Sdn. Bhd. (“FGVP”), a wholly-owned subsidiary of the Company, for a cash consideration of RM11 and by conversion of an amount due from FGVP of RM24,406,589. 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 from Felda 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. 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 281