FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 FINANCIAL STATEMENTS 263 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 26 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) Impaired and provided for As at 31 December 2017, certain amounts due from a significant shareholder, subsidiaries, joint ventures and other related companies amounting to RM37,254,000 (2016: RM25,109,000) and RM4,717,000 (2016: RM4,717,000) of the Group and of the Company respectively were impaired and fully provided for. The individually impaired amounts due from a significant shareholder, other related companies, joint ventures and subsidiaries mainly relate to debtors that are having financial difficulties and have defaults on payments. The individually impaired amounts due from joint ventures relate to expected collection shortfall from a power plant operating joint venture arising from its delay in achieving its required plant capacity factor. Movement of the provision for impairment of amount due from is as follows: Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Amount due from a significant shareholder At 1 January 5,491 5,491 2,308 2,308 Charged to profit or loss 1,779 - - - At 31 December 7,270 5,491 2,308 2,308 Amounts due from other related companies At 1 January/31 December 2,244 2,244 1,725 1,725 Amounts due from joint ventures At 1 January 17,374 3,481 - - Charged to profit or loss 10,366 13,893 - - At 31 December 27,740 17,374 - - Amounts due from subsidiaries At 1 January/31 December - - 684 684 Total 37,254 25,109 4,717 4,717