FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 291 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 35 LOANS DUE FROM SUBSIDIARIES (CONTINUED) Impaired and provided for (continued) Ageing and history of default analysis of loans due from subsidairies of the previous financial year were as follows: Group 1 – new customers (less than 6 months). Group 2 – existing customers (more than 6 months) with no defaults in the past. Group 3 – existing customers (more than 6 months) with some defaults in the past. All defaults were fully recovered. The fair value of the short term loans due from subsidiaries approximates their carrying value, as the impact of discounting was not significant. 36 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS Group 2018 RM’000 2017 RM’000 At 1 January (Note 62) 122,305 58,322 Transfer to available-for-sale (Note 31) - (104) Additions 41,152 - Disposals (113,823) (4,415) Fair value gains credited to profit or loss (Note 10) 1,380 2,735 Currency translation differences (4,959) (7,217) As at 31 December 46,055 49,321 Quoted investments: In Malaysia 3,766 3,613 Outside Malaysia 42,289 45,708 46,055 49,321 Financial assets at fair value through profit or loss are denominated in the following currencies: 2018 RM’000 2017 RM’000 - Ringgit Malaysia 3,766 3,613 - Australian Dollar 3,732 4,623 - Pakistan Rupee 35,204 41,085 - Chinese Yuen Renminbi 3,353 - 46,055 49,321 The fair value of all equity securities is based on their quoted bid prices in an active market.