FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 FINANCIAL STATEMENTS 267 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 28 AVAILABLE-FOR-SALE FINANCIAL ASSETS (CONTINUED) Available-for-sale financial assets are denominated in the following currencies: 2017 RM’000 2016 RM’000 - Ringgit Malaysia 157,877 314,241 - Chinese Yuan Renminbi 6,409 - 164,286 314,241 The fair values of unquoted securities are based on the average of price-to-book or price earnings ratio of similar equities in the market and is a Level 3 fair value computation (Note 4(c)). 29 LOANS DUE FROM JOINT VENTURES Group 2017 RM’000 2016 RM’000 At 1 January 54,222 - Addition 22,510 54,222 Currency translation differences (5,301) - At 31 December 71,431 54,222 The loans are denominated as follows: - Ringgit Malaysia 22,510 - - United States Dollar 48,921 54,222 71,431 54,222 Loans due from joint ventures are unsecured and have financing terms of 180 days with interest rate of 4.96% per annum (2016: 180 days with interest rate of 4.73% per annum). Past due but not impaired As at 31 December 2017 and 31 December 2016, there are no loans due from joint ventures that were neither past due nor impaired. Impaired and provided for As at 31 December 2017, there were no loans due from joint ventures impaired and provided for (2016: Nil).