FGV Annual Report 2015

313 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING Notes to the Financial Statements For The Financial Year Ended 31 December 2015 ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 34 CASH AND CASH EQUIVALENTS (CONTINUED) The weighted average finance rates (per annum) of fixed deposits and bank balances that were effective at the financial year end were as follows: Group Company 2015 2014 2015 2014 % % % % - Licensed banks 3.40 2.30 0.45 2.96 - Licensed financial institutions 3.86 3.19 3.43 3.16 Fixed deposits as at 31 December 2015 for the Group and Company have average maturity periods of 90 days (2014: 90 days) and 30 days (2014: 90 days) respectively. Cash and bank balances are deposits held at call with banks. 35 ASSETS HELD FOR SALE The details of assets held for sale are as follows: Group 2015 2014 RM’000 RM’000 Assets Property, plant and equipment 15,889 19,709 Biological assets 531 8,910 Assets held for sale 16,420 28,619 36 LOAN DUE FROM A SUBSIDIARY Company 2015 2014 RM’000 RM’000 At 1 January/31 December 1,062 1,062 Loan due from a subsidiary is unsecured, denominated in Great Britain Pound sterling and repayable on demand at a profit rate of 1.5% (2014:1.5%) per annum. The fair value of the loan due from a subsidiary equals its carrying value as the impact of discounting is not material.