26 RECEIVABLES (CONTINUED) (a) Reconciliation of loss allowance (continued) (ii) Other receivables and deposits using general 3 stage approach The loss allowance for other receivables and deposits as at 31 December 2024 reconciles to the opening loss allowance for that provision as follows: Performing RM’000 Underperforming RM’000 Nonperforming RM’000 Total RM’000 Group Opening loss allowance as at 1 January 2023 – 10,333 22,324 32,657 (Decrease)/increase in loss allowance (net) – (2,855) 1,100 (1,755) Transfer – (6,080) 6,080 – Foreign exchange movements – – 131 131 Loss allowance as at 31 December 2023/1 January 2024 – 1,398 29,635 31,033 Decrease in loss allowance (net) – (3) (2,759) (2,762) Write-offs – (20) – (20) Foreign exchange movements – – (75) (75) Closing loss allowance as at 31 December 2024 – 1,375 26,801 28,176 31 December 2024 Gross carrying amount 173,003 8,161 29,524 210,688 Loss allowance – (1,375) (26,801) (28,176) Carrying amount (net of loss allowance) 173,003 6,786 2,723 182,512 31 December 2023 Gross carrying amount 128,074 8,174 29,635 165,883 Loss allowance – (1,398) (29,635) (31,033) Carrying amount (net of loss allowance) 128,074 6,776 – 134,850 FGV Holdings Berhad | Audited Financial Statements 2024 Notes to the Financial Statements For the financial year ended 31 December 2024 138
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