FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 286 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 26 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 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Group 1 5,197 26,935 - - Group 2 1,171,019 1,681,761 21,937 10,914 Group 3 55,503 37,842 - - 1,231,719 1,746,538 21,937 10,914 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. 27 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES Group Company 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Non-current assets Amounts due from: Subsidiaries - - - 12,602 Joint venture 20,914 34,807 - - 20,914 34,807 - 12,602 Current assets Amounts due from: Significant shareholder 182,531 101,555 20 - Subsidiaries - - 609,851 173,631 Joint ventures 524,429 212,502 - - Associate 214 85 - - Other related companies 172,625 102,636 216 234 879,799 416,778 610,087 173,865 900,713 451,585 610,087 186,467