FGV Audited Financial Statements 2020

24 INVESTMENT IN SUBSIDIARIES Company 2020 RM’000 2019 RM’000 At cost less accumulated impairment (i) Malaysian quoted shares: Ordinary shares: At 1 January 196,190 270,026 Reversal of impairment/(impairment loss) (Note 24(d)) 12,400 (73,836) At 31 December 208,590 196,190 (ii Malaysian unquoted shares: Ordinary shares: At 1 January 6,670,611 6,592,493 Additions 10,570 270,000 Disposal of a subsidiary - (200,000) Impairment loss (Note 24(d)) (5,500) - Conversion of amount due from a subsidiary into investment in equity of the subsidiary (Note 29) 3,493 8,118 At 31 December 6,679,174 6,670,611 (iii) Foreign unquoted shares: At 1 January 9,232 110,419 Disposal of a subsidiary - (101,187) At 31 December 9,232 9,232 (iv) RCPS/RCCPS: At 1 January 1,533,249 1,796,335 Reversal of impairment/(impairment loss) (Note 24(d)) 47,300 (263,086) At 31 December 1,580,549 1,533,249 (v) Capital contribution to subsidiaries: At 1 January/31 December 15,482 15,482 Total 8,493,027 8,424,764 Market value of Malaysian quoted shares, based on Group’s effective interest 204,356 315,498 The disclosure of market value of Malaysia quoted shares is based on Level 1 fair value computation. 102 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020