FGV Audited Financial Statements 2020

11 OTHER LOSSES, NET Group 2020 RM’000 2019 RM’000 Land Lease Agreement (“LLA”): - Fair value charges (Note 48) (158,490) (236,821) Foreign currency forward contracts: - Fair value (losses)/gains (202) 13,320 Financial assets at fair value through profit or loss - Fair value (losses)/gains (Note 36) (1,618) 4,715 Oil palm futures contracts: - Fair value gains/(losses) 35,169 (23,477) Sugar futures contracts: - Fair value (losses)/gains (2,141) 4,446 Fair value changes in biological assets (net) 11,248 3,318 (116,034) (234,499) 12 FINANCE INCOME AND COSTS Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Finance income: - finance income from financial institutions 39,612 25,085 - - Total finance income 39,612 25,085 - - Finance costs: - loans from ultimate holding company (42,335) (45,201) (42,335) (45,201) - loans from subsidiaries - - (12,460) (83,889) - Islamic short term trade financing (71,879) (63,501) (883) (1,337) - short term trade financing (9,101) (16,809) - - - Islamic term loans (49,573) (87,328) - - - term loans (3,092) (9,083) - - - interest on lease liabilities (18,667) (15,623) (1,657) (1,819) Less: amount capitalised in additions of property, plant and equipment 32,775 54,387 - - Total finance costs (161,872) (183,158) (57,335) (132,246) Net finance costs (122,260) (158,073) (57,335) (132,246) 75 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020