FGV Annual Report 2015

305 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 28 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) Amounts due froma significant shareholder, joint ventures, associate and other related companies of RM266,977,000 (2014: RM406,298,000) of the Group and amounts due from a significant shareholder, subsidiaries, and other related companies of RM133,719,000 (2014: RM41,134,000) of the Company are neither past due nor impaired as it yet to exceed the credit period. The credit quality of related companies 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 Amounts due from a significant shareholder Group 2 58,747 58,855 - 2,308 Amounts due from subsidiaries Group 2 - - 133,551 38,821 Amounts due from joint ventures Group 2 189,252 292,028 - - Amounts due from an associate Group 2 85 36 - - Amounts due from other related companies Group 2 18,893 55,379 168 5 Total unimpaired amounts from related parties 266,977 406,298 133,719 41,134 Group 1 – new related parties (less than 6 months) Group 2 – existing related parties (more than 6 months) with no defaults in the past. Group 3 – existing related parties (more than 6 months) with some defaults in the past. All defaults were fully recovered. The fair value of the amounts due from a significant shareholder, subsidiaries, joint ventures, an associate and other related companies are equal their carrying value, as the impact of discounting is not significant.