FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 275 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 28 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) Amounts due from subsidiaries Company 2018 RM’000 2017 RM’000 At 1 January 774,524 609,851 Net movement during the financial year (36,973) 732,571 Loss allowance during the financial year (7,504) - Conversion into ordinary shares # (Note 22) (7,825) (567,898) At 31 December 722,222 774,524 Analysed as: Current 722,222 774,524 Financial year ended 31.12.2018 # On 26 September 2018, the Company subscribed for 1,889,706 ordinary shares of USD1.00 each from FGV Investment (L) Pte. Ltd. ( “ FGVI ” ), a wholly-owned subsidiary of the Company, by a conversion of an amount due from FGVI of USD1,889,706 equivalent to RM7,825,000. Financial year ended 31.12.2017 # On 22 December 2017, the Company subscribed for 567,898,609 ordinary shares from Felda Global Ventures Plantations Sdn. Bhd. ( “ FGVP ” ), a wholly-owned subsidiary of the Company, by a conversion of an amount due from FGVP of RM567,898,000.