FGV Annual Report 2015

300 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 27 RECEIVABLES (CONTINUED) The credit quality of receivables that are neither past due nor impaired can be assessed to historical information about counterparty default rates: Group Company 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Group 1 26,935 61,620 - - Group 2 1,681,761 688,769 10,914 87,975 Group 3 37,842 33,972 - - 1,746,538 784,361 10,914 87,975 Group 1 – new customers (less than 6 months). Group 2 – existing customers (more than 6 months) with no defaults in the past. Group 3 – existing customers (more than 6 months) with some defaults in the past. All defaults were fully recovered. The fair value of the receivables excluding the prepayments and GST receivable equals their carrying value, as the impact of discounting is not significant. 28 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES Group Company 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Non-current assets Amounts due from: Subsidiaries - - 12,602 - Joint venture 34,807 - - - 34,807 - 12,602 - Current assets Amounts due from: Significant shareholder 101,555 79,233 - 2,308 Subsidiaries - - 173,631 101,761 Joint ventures 212,502 328,941 - - Associate 85 36 - - Other related companies 102,636 63,964 234 1,571 416,778 472,174 173,865 105,640 451,585 472,174 186,467 105,640 Current liabilities Amounts due to: Significant shareholder (140,113) (240,444) (6,963) (6,623) Subsidiaries - - (23,390) (134,011) Joint ventures (31) - - - Other related companies (98,524) (9,136) (67) (354) (238,668) (249,580) (30,420) (140,988)