FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 201 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 10 OTHER LOSSES, NET Group 2018 RM’000 2017 RM’000 Land Lease Agreement ( “ LLA ” ): - Fair value losses (Note 48) (233,379) (292,845) Foreign currency forward contracts: - Fair value gains 9,541 37,738 Financial assets at fair value through profit or loss - Fair value gains (Note 36) 1,380 2,735 Oil palm futures contracts: - Fair value losses (4,778) (7,150) (227,236) (259,522) 11 FINANCE INCOME AND COSTS Group Company 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 Finance income: - finance income from financial institutions 33,969 73,060 - - Total finance income 33,969 73,060 - - Finance costs: - loans from a significant shareholder (61,932) (77,746) (61,932) (77,746) - loans from subsidiaries - - (29,410) (20,585) - Islamic short term trade financing (58,096) (38,856) (2,311) (69) - short term trade financing (21,671) (21,322) - - - Islamic term loans (42,250) (31,313) - - - term loans (5,325) (13,910) - - - finance lease - (274) - (274) Total finance costs (189,274) (183,421) (93,653) (98,674) Net finance costs (155,305) (110,361) (93,653) (98,674)