FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 285 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 26 RECEIVABLES (CONTINUED) Past due but not impaired (continued) No history of default RM'000 History of default RM'000 New customers RM'000 Total RM'000 Group 2015 Less than 30 days past due 232,254 1,474 3,238 236,966 Between 30 and 60 days past due 44,577 161 248 44,986 Between 61 and 90 days past due 14,136 676 - 14,812 Between 91 days and 1 year past due 32,286 1,704 1,146 35,136 More than 1 year past due 11,383 237 - 11,620 At 31 December 2015 334,636 4,252 4,632 343,520 In previous financial year, receivable balances amounting to RM56,143,000 was renegotiated by certain customers of the Group. As at 31 December 2016, there are no receivables of the Company that were past due but not impaired. Impaired and provided for As at 31 December 2016, RM44,563,000 of receivables of the Group were impaired and provided for (2015: RM7,523,000). Movement of the Group's provision for impairment of receivables are as follows: Group 2016 RM'000 2015 RM'000 At 1 January 7,523 5,709 Charged to profit or loss 37,040 1,814 At 31 December 44,563 7,523 Receivables balances of RM1,231,719,000 (2015: RM1,746,538,000) and RM21,937,000 (2015: RM10,914,000) of the Group and of the Company are neither past due nor impaired as they have yet to exceed the credit period. These balances mainly relate to external parties with no recent history of default.