FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD FINANCIAL STATEMENTS 260 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 26 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) Amounts due from subsidiaries Company 2017 RM’000 2016 RM’000 At 1 January 609,851 186,233 Net movement during the financial year 732,571 424,560 Conversion into ordinary shares # (Note 21) (567,898) (942) At 31 December 774,524 609,851 Analysed as: Current 774,524 609,851 2017 # On 22 December 2017, the Company subscribed for 567,898,609 ordinary shares from Felda Global Ventures Plantations Sdn. Bhd. (“FGVP”), a wholly-owned subsidiary of the Company, by a conversion of an amount due from FGVP of RM567,898,000. 2016 # In previous financial year, the Company subscribed for 225,000 ordinary shares of USD1.00 each fromFGV Investment (L) Pte. Ltd. (“FGVI”), a wholly-owned subsidiary of the Company, by a conversion of an amount due from FGVI of USD225,000 equivalent to RM942,000.