FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 285 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 31 AVAILABLE-FOR-SALE FINANCIAL ASSETS Group 2018 RM’000 2017 RM’000 At 1 January (Note 62) - 314,241 Transfer from financial assets at fair value through profit and loss (Note 36) - 104 Additions - 72,263 Disposals - (214,786) Fair value changes transferred to available-for-sale reserve - (7,397) Foreign exchange difference - (139) At 31 December - 164,286 31.12.2018 RM’000 31.12.2017 RM’000 1.1.2017 RM’000 Analysed as: Non-current - 157,877 154,810 Current - 6,409 159,431 - 164,286 314,241 The significant disposal in the previous financial year included the disposal of the 16% equity interest in AXA Affin General Insurance Berhad ( “ AXA Affin ” ) by an indirect subsidiary, Felda Marketing Services Sdn. Bhd. The interest in AXA Affin was disposed off on 21 December 2017 for a net consideration of RM198.9 million, resulting in a gain on disposal of RM73.2 million to the Group, including transfer of available-for-sale reserve of RM33.7 million upon disposal.