FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 219 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 9 OTHER LOSSES, NET Group 2016 RM'000 2015 RM'000 Land Lease Agreement ("LLA"): - Fair value losses (Note 47) (68,275) (224,861) Foreign currency forward contracts: - Fair value gains (7,027) 8,038 Financial assets at fair value through profit or loss - Fair value losses (Note 33) (1,106) (886) Sugar, oil palm and rubber futures contracts: - Fair value gains 5,960 24,897 (70,448) (192,812) 10 FINANCE INCOME AND COSTS Group Company 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Finance income: - finance income from financial institutions 56,793 47,237 - - Total finance income 56,793 47,237 - - Finance costs: - loan from a significant shareholder (89,812) (95,797) (89,812) (95,797) - loans from subsidiaries - - (16,921) (1,807) - islamic short term trade financing (31,404) (26,656) (80) - - short term trade financing (14,076) (25,729) - - - unwinding of discount - (5,834) - - - islamic term loans (10,043) (1,533) - - - term loans (35,265) (18,658) - - - amount due to a subsidiary - - (429) (6,615) - finance lease (1,214) (765) (305) (439) Total finance costs (181,814) (174,972) (107,547) (104,658) Net finance costs (125,021) (127,735) (107,547) (104,658)