FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 248 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 22 INVESTMENT IN SUBSIDIARIES (CONTINUED) (a) Details of subsidiaries are as follows: (continued) Name of subsidiary Place of business/country of incorporation Nature of business Proportion of ordinary shares directly held by FGVH Proportion of ordinary shares held by the Group Proportion of ordinary shares held by non-controlling interests Proportion of RCPS/ RCCPS held by the Group 31.12. 2018 % 31.12. 2017 % 1.1. 2017 % 31.12. 2018 % 31.12. 2017 % 1.1. 2017 % 31.12. 2018 % 31.12. 2017 % 1.1. 2017 % 31.12. 2018 % 31.12. 2017 % 1.1. 2017 % Indirect subsidiaries (continued) Subsidiaries of FGV Palm Industries Sdn. Bhd. (continued) FGV Marketing Services Sdn. Bhd. (formerly known as Felda Marketing Services Sdn. Bhd.) Malaysia Marketing of group products - - - 36.7 36.7 36.7 63.3 63.3 63.3 - - - FNI Biofuel Sdn. Bhd.* Malaysia Manufacturing of biomass fuel from empty fruit bunch - - - 72.0 72.0 72.0 28.0 28.0 28.0 - - - Sutrajaya Shipping Sdn. Bhd. (Note 2) Malaysia Under liquidation - - - - 72.0 72.0 - 28.0 28.0 - - - Subsidiary of FGV Refineries Sdn. Bhd. (formerly known as Felda Vegetable Oil Products Sdn. Bhd.) F.S. Oils Sdn. Bhd.* Malaysia Dormant - - - 48.0 48.0 48.0 52.0 52.0 52.0 - - - Subsidiary of FGV Marketing Services Sdn. Bhd. (formerly known as Felda Marketing Services Sdn. Bhd.) PT. Cashgrow Ventures # Indonesia Commodity trading - - - 34.9 34.9 34.9 65.1 65.1 65.1 - - - Subsidiaries of Felda Plantations Sdn. Bhd. Felda Farm Products Sdn. Bhd. (Note 4) Malaysia Under liquidation - - - 51.0 51.0 51.0 49.0 49.0 49.0 - - -