132 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 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: Under- Non- Performing performing performing Total Group RM’000 RM’000 RM’000 RM’000 31 December 2021 Gross carrying amount 179,447 8,615 21,155 209,217 Loss allowance – (8,483) (21,155) (29,638) Carrying amount (net of loss allowance) 179,447 132 – 179,579 31 December 2020 Gross carrying amount 258,065 1,505 21,331 280,901 Loss allowance – (1,318) (21,331) (22,649) Carrying amount (net of loss allowance) 258,065 187 – 258,252 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 2021 2020 RM’000 RM’000 Contract assets At 1 January 29,431 28,417 Performance obligations performed 56,214 44,540 Transfer from contract assets to receivables (41,651) (43,526) 43,994 29,431 Loss allowance (1,843) (1,551) At 31 December 42,151 27,880
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