FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 292 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 27 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) Impaired and provided for (continued) The sensitivity of amount due from a joint venture impairment to changes in key assumptions is as follows: Key assumptions Change in assumption Impact on impairment (i) Net dependable capacity Increase by 1% Decrease by RM160,404 Decrease by 1% Increase by RM160,404 Amounts due froma significant shareholder, joint ventures, an associate andother related companies of RM613,357,000 (2015: RM266,977,000) of the Group and amounts due from subsidiaries and other related companies of RM20,000 (2015: RM133,719,000) of the Company are neither past due nor impaired as they have 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 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Amounts due from a significant shareholder Group 2 73,529 58,747 20 - Amounts due from subsidiaries Group 2 - - - 133,551 Amounts due from joint ventures Group 2 516,629 189,252 - - Amounts due from an associate Group 2 214 85 - - Amounts due from other related companies Group 2 22,985 18,893 - 168 Total unimpaired amounts from related parties 613,357 266,977 20 133,719 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 values of the amounts due from a significant shareholder, subsidiaries, joint ventures, an associate and other related companies equal their respective carrying values, as the impact of discounting is not significant.