FGV Annual Report 2015

296 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 25 PREPAID LEASE PAYMENTS The prepaid lease payments were payment for rights to use the following: Group Leasehold land 2015 2014 RM’000 RM’000 Cost At 1 January 53,113 41,329 Acquisition of subsidiaries 29,752 - Additions 210 11,788 Currency translation differences 3,448 - Write offs (4,113) (4) 31 December 82,410 53,113 Accumulated amortisation At 1 January 3,152 360 Amortisation charge 3,581 2,799 Currency translation differences 490 - Write offs (2,947) (2) Transfer to property, plant and equipment (Note 19) - (81) (Reversal of)/provision for impairment loss (76) 76 At 31 December 4,200 3,152 Net book value at 31 December 78,210 49,961 As at 31 December 2015, the carrying amount of prepaid lease lands without title is RM41,689,000 (2014: RM45,416,000). 26 LOAN DUE FROM OTHER RELATED COMPANY Group 2015 2014 RM’000 RM’000 At 1 January - - Reversal of for impairment - 26,952 Repayment - (30,817) Currency translation differences - 3,865 At 31 December - - In previous financial year, the Group received full repayment and made a reversal of impairment amounting to RM26,952,000, which is recorded in other operating income. The financial guarantee contract provided by Company previously in the event of default, has been derecognised in the previous financial year following the full settlement of the promissory note.