FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 234 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 21 INTANGIBLE ASSETS (CONTINUED) (b) Impairment test for intangible assets (other than goodwill) Suspended construction of a plant in an indirect subsidiary of the Company, FGV Green Energy Sdn. Bhd. ( “ FGVGE ” ) was identified as indicator for an impairment test to be performed for FGVGE non-current assets. The recoverable amount of the plant is determined based on the offer received from a potential buyer. As at 31 December 2018, the offer has been withdrawn and as a result, the Group has recognised RM10,864,000 of impairment loss for intangible assets (other than goodwill) which is recorded in impairment of non-financial assets of the Group. 22 INVESTMENT IN SUBSIDIARIES Company 2018 RM’000 2017 RM’000 At cost less accumulated impairment (i) Malaysian quoted shares: Ordinary shares: At 1 January/31 December 270,026 270,026 (ii) Malaysian unquoted shares: Ordinary shares: At 1 January 6,571,706 6,560,027 Additions 12,962 11,679 Disposal - (567,898) Conversion of amount due from a subsidiary into ordinary shares (Note 28) 7,825 567,898 At 31 December 6,592,493 6,571,706 (iii) Foreign unquoted shares: At 1 January/31 December 110,419 110,419 (iv) RCPS/RCCPS: At 1 January/31 December 1,796,334 1,796,334 (v) Capital contribution to subsidiaries: At 1 January 15,482 15,600 Liquidation of a subsidiary - (118) At 31 December 15,482 15,482 Total 8,784,754 8,763,967 Market value of Malaysian quoted shares, based on Group’s effective interest 200,591 316,316 The disclosure of market value of Malaysia quoted shares is based on Level 1 fair value computation.