AUDITED FINANCIAL STATEMENTS 2022 75 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 10 OTHER (LOSSES)/GAINS, NET Group 2022 RM’000 2021 RM’000 Land Lease Agreement (“LLA”): - Fair value charges (Note 46) (352,870) (3,984) Fair value changes in biological assets (net) (27,381) 56,780 Financial assets at fair value through profit or loss - Fair value (losses)/gains (Note 29) (3,118) 794 - Gain on disposal 1,749 40 Foreign currency forward contracts: - Losses from mark-to-market and settlement (net) (19,626) (6,182) Oil palm futures contracts: - Gains/(losses) from mark-to-market and settlement (net) 3,023 (4,344) Sugar futures contracts: - (Losses)/gains from mark-to-market and settlement (net) (349) 12,042 Brent crude oil forward option - Gains/(losses) from mark-to-market and settlement (net) 4,348 (2,133) Gain on liquidation of excess raw sugar hedges 2,087 30,962 (392,137) 83,975 11 FINANCE INCOME AND COSTS Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Finance income: - finance income from financial institutions 26,256 22,728 - - Total finance income 26,256 22,728 - - Finance costs: - loans from ultimate holding company (28,542) (40,759) (28,542) (40,759) - loans from subsidiaries - - (40,442) (34,524) - Islamic short term trade financing (41,021) (44,800) - (768) - short term trade financing (14,822) (7,953) - - - Islamic term loans (28,727) (51,246) - - - interest on lease liabilities (16,514) (14,969) (1,290) (1,487) - hire purchase (488) - - - - sukuk (25,728) (1,451) (25,728) (1,451) Less: amount capitalised in additions of property, plant and equipment 29,332 34,245 - - Total finance costs (126,510) (126,933) (96,002) (78,989) Net finance costs (100,254) (104,205) (96,002) (78,989)
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