FGV Annual Report 2015

320 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 45 LOANS DUE TO SUBSIDIARIES Company 2015 2014 RM’000 RM’000 Unsecured: - Non-current 786,680 - - Current 46,449 - 833,129 - The loan is denominated as follows: - Ringgit Malaysia 312,500 - - Canadian Dollar 520,629 - 833,129 - Effective finance rate for the loan is as follows: Company 2015 2014 Effective Effective finance rate finance rate at date of at date of statement statement of financial of financial Finance position Finance position rate per annum rate per annum % % Loans due to subsidiaries Fixed/Floating 2.23 – 5.40 - - The carrying amounts and fair value of the non-current and current loans due to subsidiaries are as follows: Company Carrying amount Fair value 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Loans due to subsidiaries 833,129 - 832,743 - The fair value of loans due to subsidiaries is based on cash flows discounted using a rate based on the borrowing rate of 3.63% (2014: not applicable). The fair value of the loans due to subsidiaries is a Level 2 computation.