130 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 27 RECEIVABLES (CONTINUED) The receivables are denominated as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 – Ringgit Malaysia 791,222 889,313 14,245 10,337 – United States Dollar 686,739 647,222 – – – Indonesian Rupiah 2,186 4,305 – – – Thai Baht 2,144 5,074 – – – Pakistan Rupee 608 674 – – – Singapore Dollars 117 129 – – – Indian Rupee 200 – – – – Euro – 316 – – 1,483,216 1,547,033 14,245 10,337 The credit terms of trade receivables are up to 90 days (2020: 90 days). (a) Reconciliation of loss allowance (i) Trade receivables using simplified approach The loss allowance for trade receivables as at 31 December 2021 reconciles to the opening loss allowance balance as follows: Non-credit Credit impaired impaired Total Group RM’000 RM’000 RM’000 Opening loss allowance as at 1 January 2020 15,355 175,618 190,973 Increase/(decrease) in loss allowance (net) 3,992 (2,887) 1,105 Write-offs – (232) (232) Foreign exchange movements – 57 57 Loss allowance as at 31 December 2020/1 January 2021 19,347 172,556 191,903 Decrease in loss allowance (net) (3,774) (273) (4,047) Write-offs (88) (9,816) (9,904) Foreign exchange movements – (205) (205) Closing loss allowance as at 31 December 2021 15,485 162,262 177,747
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