FGV Audited Financial Statements 2019

162 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 27 RECEIVABLES (CONTINUED) The receivables are denominated as follows: Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 - Ringgit Malaysia 707,882 909,195 11,785 17,306 - United States Dollar 573,332 365,264 - - - Indonesian Rupiah 8,644 8,777 - - - Chinese Yuen Renminbi 4,968 22,380 4,968 - - Thai Baht 4,036 3,036 - - - Pakistan Rupee 951 377 - - - Singapore Dollars 140 495 - - - Great Britain Pound - 953 - - - Others - 1,595 - - 1,299,953 1,312,072 16,753 17,306 The credit terms of trade receivables are up to 90 days (2018: 90 days). (a) Reconciliation of loss allowance (i) Trade receivables using simplified approach The loss allowance for trade receivables as at 31 December 2019 reconciles to the opening loss allowance balance as follows: Non-credit impaired RM’000 Credit impaired RM’000 Total RM’000 Opening loss allowance as at 1 January 2018 11,580 112,882 124,462 Increase in loss allowance (net) 3,361 63,710 67,071 Write-offs - (2,092) (2,092) Recoveries (319) (2,152) (2,471) Foreign exchange movements - (1,058) (1,058) Loss allowance as at 31 December 2018 14,622 171,290 185,912 Increase in loss allowance (net) 855 6,708 7,563 Write-offs (122) (1,695) (1,817) Foreign exchange movements - (685) (685) Closing loss allowance as at 31 December 2019 15,355 175,618 190,973