FGV Annual Report 2015

235 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING Notes to the Financial Statements For The Financial Year Ended 31 December 2015 ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 9 OTHER LOSSES, NET Group 2015 2014 RM’000 RM’000 Land Lease Agreement (“LLA”): - Fair value losses (Note 46) (224,861) (115,240) Foreign currency forward contracts: - Fair value gains/(losses) 8,038 (9,006) Financial assets at fair value through profit or loss - Fair value losses (Note 32) (886) (2,242) Sugar, oil palm and rubber futures contracts: - Fair value gains 24,897 810 (192,812) (125,678) 10 FINANCE INCOME AND COSTS Group Company 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Finance income: - finance income from financial institutions 47,237 131,725 - - Total finance income 47,237 131,725 - - Finance costs: - loan from a significant shareholder (95,797) (134,071) (95,797) (134,071) - loans from subsidiaries - - (1,807) - - short term trade financing (52,385) (43,714) - (404) - unwinding of discount (8,641) (5,835) - - - term loans (17,384) (2,211) - - - amount due to a subsidiary - - (6,615) - - finance lease (765) (1,817) (439) - Total finance costs (174,972) (187,648) (104,658) (134,475) Net finance costs (127,735) (55,923) (104,658) (134,475)