AUDITED FINANCIAL STATEMENTS 2022 111 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 23 INVESTMENT IN SUBSIDIARIES (CONTINUED) (a) Details of subsidiaries are as follows: (continued) Name of subsidiary Place of business/ country of incorporation Nature of business Proportion of ordinary shares directly held by FGVH Proportion of ordinary shares held by the Group Proportion of ordinary shares held by non-controlling interests Proportion of RCPS/ RCCPS held by the Group 2022 % 2021 % 2022 % 2021 % 2022 % 2021 % 2022 % 2021 % Indirect subsidiaries (continued) Subsidiaries of Asian Plantations (Sarawak) Sdn. Bhd. (continued) Fortune Plantation Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - - Asian Plantations Milling Sdn. Bhd. Malaysia Oil palm milling - - 100.0 100.0 - - - - Subsidiary of Incosetia Sdn. Bhd. South Asian Farms Sdn. Bhd. Malaysia Dormant - - 100.0 100.0 - - - - Subsidiaries of Asian Plantations (Sarawak) II Sdn.Bhd. Kronos Plantation Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - - Grand Performance Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - - Subsidiary of Asian Plantations Sarawak III Sdn. Bhd. Jubilant Paradise Sdn. Bhd. Malaysia Oil palm plantation - - 60.0 60.0 40.0 40.0 - - Subsidiaries of FGV Kalimantan Sdn. Bhd. PT. Citra Niaga Perkasa # Indonesia Oil palm plantation - - 95.0 95.0 5.0 5.0 - - PT. Temila Agro Abadi # Indonesia Oil palm Plantation - - 95.0 95.0 5.0 5.0 - - PT Bumi Agro Nusantara # Indonesia Management and consulting services - - 100.0 100.0 - - - -
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