FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 85 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 11 FINANCE INCOME AND COSTS Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Finance income: - finance income from financial institutions 35,123 26,256 - - Total finance income 35,123 26,256 - - Finance costs: - loans from ultimate holding company (12,987) (28,542) (12,987) (28,542) - loans from subsidiaries - - (43,637) (40,442) - Islamic short term trade financing (55,706) (41,021) - - - short term trade financing (23,826) (14,822) - - - Islamic term loans (23,614) (28,727) - - - interest on lease liabilities (16,957) (16,514) (1,078) (1,290) - hire purchase (1,471) (488) - - - sukuk (26,741) (25,728) (26,741) (25,728) Less: amount capitalised in additions of property, plant and equipment 36,148 29,332 - - Total finance costs (125,154) (126,510) (84,443) (96,002) Net finance costs (90,031) (100,254) (84,443) (96,002)
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