18. Other financial assets and financial liabilities (a) Other non-current financial assets Group Corporation 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Available-for-sale: Non-current unquoted equity investments (Note 36) 53,269 51,007 53,101 50,846 Non-current quoted equity investment (Note 36) 66,687 76,244 66,687 76,244 Total available-for-sale 119,956 127,251 119,788 127,090 Loans and receivables: Long term receivables (Note 36) 150,812 152,909 – – Loans and advances: Subsidiaries – – 4,709,895 6,022,651 Joint ventures 47,887 80,807 47,887 80,500 Associates 2,865 2,576 2,691 2,576 50,752 83,383 4,760,473 6,105,727 Less: Impairment on loans to: Subsidiary – – – (70,465) Associates (2,691) (2,576) (2,691) (2,576) (2,691) (2,576) (2,691) (73,041) Net loans and advances (Note 21) 48,061 80,807 4,757,782 6,032,686 Total other non-current financial assets 318,829 360,967 4,877,570 6,159,776 Non-current quoted equity instruments are held as long-term strategic investments. Long term receivables relate to a subsidiary’s lease income 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 1.55% to 4.25% (2015: 1.72% to 4.69%) per annum. The loans and advances to joint ventures are unsecured and bear interest ranging from 4.50% to 4.87% (2015: 2.26% to 4.97%) per annum. Financial Statements 253
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