FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 303 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 46 LOANS DUE TO A SIGNIFICANT SHAREHOLDER Group and Company 31.12.2018 RM’000 31.12.2017 RM’000 1.1.2017 RM’000 Unsecured: - Non-current 1,074,045 1,222,765 1,475,799 - Current 85,058 164,551 213,206 1,159,103 1,387,316 1,689,005 Early settlements of loans due to a significant shareholder totalling RM130 milion were made during the financial year (2017: RM120 million). The loans are denominated as follows: Group and Company 31.12.2018 RM’000 31.12.2017 RM’000 1.1.2017 RM’000 - Ringgit Malaysia 1,159,103 1,387,316 1,689,005 Effective finance rate for the loans is as follows: Group and Company 31.12.2018 31.12.2017 1.1.2017 Finance rate Effective finance rate at date of statement of financial position per annum % Finance rate Effective finance rate at date of statement of financial position per annum % Finance rate Effective finance rate at date of statement of financial position per annum % Loans due to a significant shareholder Fixed 4.911 Fixed 4.911 Fixed 4.911