FGV Audited Financial Statements 2019

170 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 (continued) Non-trade amounts due from joint ventures using general 3 stage approach The loss allowance for non-trade amounts due from joint ventures 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 - - 27,740 27,740 Increase in loss allowance (net) - - 20,690 20,690 Loss allowance as at 31 December 2018 - - 48,430 48,430 Increase in loss allowance (net) - - 89,669 89,669 Closing loss allowance as at 31 December 2019 - - 138,099 138,099 The following table contains an analysis of the credit exposure non-trade amounts due from joint ventures for which an ECL allowance is recognised, based on individual impairment assessment: Performing RM’000 Non- performing RM’000 Total RM’000 31 December 2019 Gross carrying amount - 139,116 139,116 Individual assessment - (138,099) (138,099) Carrying amount (net of loss allowance) - 1,017 1,017 Performing RM’000 Non- performing RM’000 Total RM’000 31 December 2018 Gross carrying amount 47,000 48,430 95,430 Individual assessment - (48,430) (48,430) Carrying amount (net of loss allowance) 47,000 - 47,000