MISC BERHAD - Annual Report 2014 p 236 18. Other financial assets and financial liabilities (a) Other non-current financial assets Group Corporation 2014 2013 2014 2013 RM’000 RM’000 RM’000 RM’000 Available-for-sale: Non-current unquoted equity investments 41,763 39,335 41,379 38,957 Non-current quoted equity investments 74,333 338,613 74,333 338,613 Total available-for-sale 116,096 377,948 115,712 377,570 Loans and receivables: Long term receivables 131,359 124,256 – – Loans and advances: Subsidiaries – – 3,790,175 3,646,173 Joint ventures 324,238 315,269 324,238 297,174 Associates 2,404 4,057 2,097 1,974 326,642 319,326 4,116,510 3,945,321 Less: Impairment on loans to: Subsidiary – – (58,184) (55,416) Associates (2,097) (3,750) (2,097) (1,974) (2,097) (3,750) (60,281) (57,390) Net loans and advances 324,545 315,576 4,056,229 3,887,931 Total other non-current financial assets 572,000 817,780 4,171,941 4,265,501 Non-current quoted equity instruments are held as long-term strategic investments. Long term receivables relate to lease rental income of a subsidiary during the ships construction period which is payable by the lessee progressively over a 20-year time charter period. The loans and advances to subsidiaries are unsecured and bear interest ranging from 1.5% to 5.05% (2013: 1.5% to 5.26%) per annum. The loans and advances to joint ventures are unsecured and bear interest ranging from 1.92% to 4.75% (2013: 1.91% to 4.59%) per annum. NOTESTOTHE FINANCIAL STATEMENTS - 31 December 2014
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