27 AMOUNTS DUE FROM/(TO) ULTIMATE HOLDING COMPANY, 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 2024 reconciles to the opening loss allowance balance as follows: Group Performing RM’000 Underperforming RM’000 Nonperforming RM’000 Total RM’000 Opening loss allowance as at 1 January 2023 – – 142,099 142,099 Decrease in loss allowance (net) – – (3,251) (3,251) Loss allowance as at 31 December 2023/1 January 2024 – – 138,848 138,848 Decrease in loss allowance (net) – – (1,335) (1,335) Loss allowance as at 31 December 2024 – – 137,513 137,513 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: Group Performing RM’000 Nonperforming RM’000 Total RM’000 31 December 2024 Gross carrying amount – 137,513 137,513 Individual assessment – (137,513) (137,513) Carrying amount (net of loss allowance) – – – 31 December 2023 Gross carrying amount – 138,848 138,848 Individual assessment – (138,848) (138,848) Carrying amount (net of loss allowance) – – – FGV Holdings Berhad | Audited Financial Statements 2024 Notes to the Financial Statements For the financial year ended 31 December 2024 144
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