FGV Annual Report 2015

302 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 28 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) Amounts due from subsidiaries Company 2015 2014 RM’000 RM’000 At 1 January 101,761 58,584 Net movement during the financial year 276,819 67,584 Conversion into ordinary shares # (Note 22) (192,347) (24,407) At 31 December 186,233 101,761 Analysed as: Non-current 12,602 - Current 173,631 101,761 186,233 101,761 2015 # On 28 April 2015, the Company subscribed for 28,268,328 ordinary shares of RM1.00 each from Felda Global Ventures Plantations Sdn. Bhd. (“FGVP”), a wholly owned subsidiary of the Company, by conversion of an amount due from FGVP of RM28,268,328. Subsequently, on 28 September 2015, the Company further subscribed for an additional 52,746,644 ordinary shares of RM1.00 each from FGVP, by conversion of an amount due from FGVP of RM52,746,644. # On 7 September 2015, the Company subscribed for 111,332,252 ordinary shares of RM1.00 each from Felda Global Ventures Downstream Sdn. Bhd. (“FGVD”), a wholly owned subsidiary of the Company, by conversion of an amount due from FGVD of RM111,332,252. 2014 # On 31 October 2014, the Company subscribed for an additional 24,406,600 ordinary shares of RM1.00 each from FGVP, for a cash consideration of RM11 and by conversion of an amount due from FGVP of RM24,406,589.