FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD FINANCIAL STATEMENTS 266 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 28 AVAILABLE-FOR-SALE FINANCIAL ASSETS Group 2017 RM’000 2016 RM’000 At 1 January 314,241 314,861 Additions 72,263 5,611 Disposals (214,786) - Liquidation of a subsidiary - (1,613) Transfer from fair value through profit or loss (Note 32) 104 - Fair value changes transferred to available-for-sale reserve (7,397) (4,618) Foreign exchange difference (139) - At 31 December 164,286 314,241 Analysed as: Non-current 157,877 154,810 Current 6,409 159,431 164,286 314,241 The significant disposal during the financial year includes the disposal of the 16% equity interest in AXA Affin General Insurance Berhad (“AXA Affin”) by an indirect subsidiary, Felda Marketing Services Sdn. Bhd. The interest in AXA Affin was disposed off on 21 December 2017 for a net consideration of RM198.9 million, resulting in a gain on disposal of RM73.2 million to the Group, including transfer of available-for-sale reserve of RM33.7 million upon disposal. Available-for-sale financial assets comprise the following: 2017 RM’000 2016 RM’000 Quoted equity securities: - In Malaysia 71,004 66,699 - Outside Malaysia 6,409 - Unquoted equity securities: - In Malaysia 86,873 247,542 164,286 314,241