FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 275 28 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, ASSOCIATE AND OTHER RELATED COMPANIES (CONT’D.) Past due but not impaired As at 31 December 2013, RM56,369,000 (2012: RM10,670,000) of amounts due from a significant shareholder, joint ventures, an associate and other related companies and RM59,000 (2012: RM827,000) of amounts due from other related companies for the Group and the Company respectively were past due but not impaired. The ageing analysis of these balances is as follows: Between Between Between Less than 30 and 61 and 91 days More than 30 days 60 days 90 days and 1 year 1 year past due past due past due past due past due Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group At 31 December 2013 Amount due from a significant shareholder 7,172 1,663 2,202 4,242 2,558 17,837 Amounts due from joint ventures* - - - 25,200 1,576 26,776 Amounts due from other related companies 164 11,574 - 7 11 11,756 7,336 13,237 2,202 29,449 4,145 56,369 At 31 December 2012 Amounts due from joint ventures - - 1,496 - - 1,496 Amounts due from other related companies 3,997 4,971 32 157 17 9,174 3,997 4,971 1,528 157 17 10,670 * Included in the amounts due from joint venture is an amount due of RM25,688,000 (2012: RM nil). This is to fund the construction and working capital of a power plant, which will be repaid by the proceeds of a bank loan granted to the joint venture by May 2014. Between Between Between Less than 30 and 61 and 91 days More than 30 days 60 days 90 days and 1 year 1 year past due past due past due past due past due Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Company At 31 December 2013 Amounts due from other related companies - 41 - 7 11 59 At 31 December 2012 Amounts due from other related companies 460 161 32 157 17 827 Impaired and provided for Group As at 31 December 2013, there is no amount due from for the Group that was impaired and provided for. Company As at 31 December 2013, certain amounts due from subsidiaries amounting to RM684,000 (2012: RM684,000) of the Company was impaired and fully provided for. The impaired receivables mainly relate to the recoverability of management fees.