FGV Audited Financial Statements 2019

164 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 27 RECEIVABLES (CONTINUED) (a) Reconciliation of loss allowance (continued) (ii) Other receivables and deposits using general 3 stage approach (continued) The following table contains an analysis of the credit exposure of other receivables and deposits for which an ECL allowance is recognised, based on individual impairment assessment: Performing RM’000 Under- performing RM’000 Non- performing RM’000 Total RM’000 31 December 2019 Gross carrying amount 189,656 1,318 20,899 211,873 Loss allowance - (1,318) (20,899) (22,217) Carrying amount (net of loss allowance) 189,656 - - 189,656 31 December 2018 Gross carrying amount 209,713 - 22,048 231,761 Loss allowance - - (22,048) (22,048) Carrying amount (net of loss allowance) 209,713 - - 209,713 28 CONTRACT ASSETS The Group’s contract assets relating to the provision of construction and IT services as at financial year end can be summarised as follows: Group 2019 RM’000 2018 RM’000 Contract assets At 1 January 33,733 13,091 Performance obligations performed 22,471 72,826 Transfer from contract assets to receivables (27,787) (52,184) At 31 December 28,417 33,733 There is no allowance recognised for contract assets as at 31 December 2019 (2018: Nil).