219 MISC BERHAD Annual Report 2015 18. Other financial assets and financial liabilities (a) Other non-current financial assets Group Corporation 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Available-for-sale: Non-current unquoted equity investments (Note 34) 51,007 41,763 50,846 41,379 Non-current quoted equity investment (Note 34) 76,244 74,333 76,244 74,333 Total available-for-sale 127,251 116,096 127,090 115,712 Loans and receivables: Long term receivables (Note 34) 152,909 131,359 – – Loans and advances: Subsidiaries – – 6,022,651 3,790,175 Joint ventures 80,807 324,238 80,500 324,238 Associates 2,576 2,404 2,576 2,097 83,383 326,642 6,105,727 4,116,510 Less: Impairment on loans to: Subsidiary – – (70,465) (58,184) Associates (2,576) (2,097) (2,576) (2,097) (2,576) (2,097) (73,041) (60,281) Net loans and advances 80,807 324,545 6,032,686 4,056,229 Total other non-current financial assets 360,967 572,000 6,159,776 4,171,941 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 1.72% to 4.69% (2014: 1.5% to 5.05%) per annum. The loans and advances to joint ventures are unsecured and bear interest ranging from 2.26% to 4.97% (2014: 2.25% to 4.75%) per annum.
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