FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 288 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 27 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) Amounts due from subsidiaries Company 2016 RM'000 2015 RM'000 At 1 January 186,233 101,761 Net movement during the financial year 424,560 276,819 Conversion into ordinary shares # (Note 22) (942) (192,347) At 31 December 609,851 186,233 Analysed as: Non-current - 12,602 Current 609,851 173,631 609,851 186,233 2016 # On 21 October 2016, the Company subscribed for 225,000 ordinary shares of USD1.00 each from FGV Investment (L) Pte Ltd. ("FGVI"), a wholly owned subsidiary of the Company, by a conversion of an amount due from FGVI of USD 225,000 equivalent to RM 942,411. 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.