FGV Audited Financial Statements 2019

168 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 29 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) (a) Reconciliation of loss allowance Amounts due from subsidiaries using general 3 stage approach The loss allowance for amounts due from subsidiaries as at 31 December 2019 reconciles to the opening loss allowance balance as follows: Performing RM’000 Under- performing RM’000 Non- performing RM’000 Total RM’000 Opening loss allowance as at 1 January 2018 - - 684 684 Increase in loss allowance (net) - - 7,504 7,504 Loss allowance as at 31 December 2018 - - 8,188 8,188 Increase in loss allowance (net) - - 4,246 4,246 Closing loss allowance as at 31 December 2019 - - 12,434 12,434 The following table contains an analysis of the credit exposure of amounts due from subsidiaries 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 1,074,468 - 12,434 1,086,902 Loss allowance - - (12,434) (12,434) Carrying amount (net of loss allowance) 1,074,468 - - 1,074,468 31 December 2018 Gross carrying amount 722,222 - 8,188 730,410 Loss allowance - - (8,188) (8,188) Carrying amount (net of loss allowance) 722,222 - - 722,222