FGV Annual Report 2014
53 Significant Related Party Transactions (continued) Related parties and relationships are summarised as follows: (continued) (ii) Joint ventures FPG Oleochemicals Sdn. Bhd. (“FPG”) Bunge ETGO L.P. (“Bunge ETGO”) Felda Iffco Sdn. Bhd. (“FISB Group”) MAPAK Edible Oil Pvt. Ltd. (“MAPAK”) (iii) Other related parties Other related companies Relationship Felda Iffco Inc (“FINA”) Former subsidiary of FISB Yayasan Felda Entity controlled by FELDA (a) Sales of goods, services and investments Group Company 2014 2013 2014 2013 RM’000 RM’000 RM’000 RM’000 (i) Transactions with subsidiaries Dividend received from subsidiaries – – 606,538 273,819 Management fees received from subsidiaries – – 109,551 23,830 (ii) Transactions with joint ventures Tolling fees income of TRT ETGO from Bunge ETGO – 21,782 – – Sales of CPO by FGVPM to FISB Group 2,093,887 2,189,549 – – Sales of CPKO, RBDPKO and PFAD by FKPSB to FISB Group and FPG 1,131,996 – – – Sales of Processed Palm Oil (“PPO”) by FELMA to FISB Group 137,559 – – – Provision of storage space for vegetable oil by FBSB to FISB Group and FPG 16,207 – – – Sales of CPO by FGVPM to MAPAK 231,278 – – – (iii) Transactions with subsidiaries of FHB Sales of FFB by FGVPM to FPISB – 2,242,503 – – Sales of cup lumps and latex by FGVPM to FRISB – 38,280 – – Sales of CPO by FGVPM to FVOPSB and DOPSB – 2,750,741 – – Sales of CPO by PUP to FVOPSB – 27,143 – – Management fees charged by Company to subsidiaries of FHB – 52,051 81,180 52,051 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 315
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