FGV Annual Report 2015

223 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING Notes to the Financial Statements For The Financial Year Ended 31 December 2015 ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 4 FINANCIAL RISK MANAGEMENT (CONTINUED) (a) Financial risk management policies (continued) Credit risk (continued) 2014 Financial assets Collateral held as security Net exposure RM’000 RM’000 RM’000 Company Other receivables (excluding prepayments) 87,975 - 87,975 Amount due from a significant shareholder 2,308 - 2,308 Amounts due from subsidiaries 101,761 - 101,761 Amounts due from other related companies 1,571 - 1,571 Loan due from a subsidiary 1,062 - 1,062 Trade receivables, amount due from an associate, joint ventures and other related parties exposure are closely monitored and continuously followed up. The Group generally has no significant concentration of credit risk due to the Group’s large number of customers other than sales transactions made to certain related parties as disclosed in Note 28 and Note 53. The Group’s deposits, cash and bank balances were largely placed with major financial institutions in Malaysia. The Directors are of the view that the possibility of non-performance by these financial institutions, including those non-rated financial institutions, is remote on the basis of their financial strength.