FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD FINANCIAL STATEMENTS 282 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 43 LOANS DUE TO A SIGNIFICANT SHAREHOLDER Group and Company 2017 RM’000 2016 RM’000 Unsecured: - Non-current 1,222,765 1,475,799 - Current 164,551 213,206 1,387,316 1,689,005 An early settlement of RM120,000,000 loans due to a significant shareholder was made during the financial year (2016: no early settlement). The loans are denominated as follows: Group and Company 2017 RM’000 2016 RM’000 - Ringgit Malaysia 1,387,316 1,689,005 Effective finance rate for the loans is as follows: Group and Company 2017 2016 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 a significant shareholder Fixed 4.911 Fixed 4.911