FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 251 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 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) Subsidiary of FGV Research Sdn. Bhd. (formerly known as FGV R&D and Agri Services Sdn. Bhd. FGV Applied Technologies Sdn. Bhd. Malaysia Research and development of oleo and bio-chemicals, food technologies, mill and biomass technologies, automation, mechanization and remote sensing - - - 100.0 100.0 100.0 - - - - - - Subsidiary of Felda Global Ventures Rubber Sdn. Bhd. FGV Green Rubber Sdn. Bhd. (Note 3) Malaysia Purchasing and processing raw lattices and marketing rubber - - - - 100.0 100.0 - - - - - - The proportion of voting rights in the subsidiary undertakings held directly by the parent company do not differ from the proportion of ordinary shares held. * Audited by firms other than member firms of PricewaterhouseCoopers International Limited. # Audited by member firms of PricewaterhouseCoopers International Limited, which are separate and independent legal entities from PricewaterhouseCoopers, Malaysia. @ 30% equity stake in Sabahanya Plantations Sdn. Bhd. is held in trust for the beneficial interest of the Group.