FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 FINANCIAL STATEMENTS 283 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 43 LOANS DUE TO A SIGNIFICANT SHAREHOLDER (CONTINUED) The carrying amount and fair value of the loans due to a significant shareholder are as follows: Group and Company Carrying amount Fair value 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Loans due to a significant shareholder 1,387,316 1,689,005 1,385,888 1,702,544 The fair value of loans due to a significant shareholder is based on cash flows discounted using a rate based on the borrowing rate of 4.98% (2016: 4.66%). The fair value of the loans due to a significant shareholder is a Level 2 computation. Cash flows and non-cash changes arising from loans due to a significant shareholder financing activities are disclosed in statements of cash flows. 44 LOANS DUE TO SUBSIDIARIES Company 2017 RM’000 2016 RM’000 Unsecured: - Non-current 667,669 252,109 - Current 435,090 48,896 1,102,759 301,005 The loans are denominated as follows: - Ringgit Malaysia 1,074,706 272,110 - Canadian Dollar 28,053 28,895 1,102,759 301,005