FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 296 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 32 LOAN DUE FROM A JOINT VENTURE Group 2016 RM'000 2015 RM'000 At 1 January - - Addition 54,222 - At 31 December 54,222 - Loan due from a joint venture is unsecured, denominated in Ringgit Malaysia, financing term of 180 days with interest rate of 4.73%. The fair value of the loan due from a joint venture equals their carrying value, as the impact of discounting is not significant. 33 FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS Group 2016 RM'000 2015 RM'000 At 1 January 65,905 21,431 Acquisition of a subsidiary (Note 22(c)(i)) - 2,827 Liquidation of a subsidiary (239) - Additions - (net) 601 42,029 Write offs (6,433) - Fair value losses charged to profit or loss (Note 9) (1,106) (886) Currency translation differences (406) 504 As at 31 December 58,322 65,905 Quoted investments: In Malaysia 3,460 3,595 Outside Malaysia 54,862 62,310 58,322 65,905