FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 308 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 46 LOANS DUE TO SUBSIDIARIES Company 2016 RM'000 2015 RM'000 Unsecured: - Non-current 252,109 786,680 - Current 48,896 46,449 301,005 833,129 The loans are denominated as follows: - Ringgit Malaysia 272,110 312,500 - Canadian Dollar 28,895 520,629 301,005 833,129 Effective finance rate for the loans is as follows: Company 2016 2015 Finance rate Effective finance rate at date of statement of financial position per annum % Finance rate Effective finance rate at date of statement of financial position per annum % Loans due to subsidiaries Fixed/Floating 2.23 – 5.40 Fixed/Floating 2.23 – 5.40 The carrying amount and fair value of the loans due to subsidiaries are as follows: Company Carrying amount Fair value 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Loans due to subsidiaries 301,005 833,129 297,868 832,743 The fair value of loans due to subsidiaries is based on cash flows discounted using a rate based on the borrowing rate of 3.84% (2015: 3.63%). The fair value of the loans due to subsidiaries is a Level 2 computation.