FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 268 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 26 RECEIVABLES (CONTINUED) (a) Reconciliation of loss allowance (continued) (i) Trade receivables using simplified approach (continued) The following table contains an analysis of the credit exposure of trade receivables for which an ECL allowance is recognised, based on collective and individual impairment assessment:- 31 December 2018 Current Up to 30 days past due 31 days to 90 days past due More than 91 days past due Total Gross carrying amount 803,131 35,981 3,056 205,425 1,047,593 Individual impairment – credit impaired - - - (171,290) (171,290) 803,131 35,981 3,056 34,135 876,303 Expected credit loss rate 0.1% 2.2% 12.6% 36.0% Collective impairment (1,122) (799) (384) (12,317) (14,622) Carrying amount (net of loss allowance) 802,009 35,182 2,672 21,818 861,681 The increase in trade receivables’ ECL during the financial year relates to receivables from current year sales that are credit-impaired. (ii) Other receivables and deposits using general 3 stage approach The loss allowance for other receivables and deposits as at 31 December 2018 reconciles to the opening loss allowance for that provision as follows: Performing RM’000 Under performing RM’000 Non performing RM’000 Total RM’000 At 1 January 2018 before restatement (calculated under FRS 139) - - 17,985 17,985 Amounts restated through opening retained earnings - - 1,320 1,320 Opening loss allowance as at 1 January 2018 (calculated under MFRS 9) - - 19,305 19,305 Loss allowance for the year - - 2,743 2,743 Closing loss allowance as at 31 December 2018 - - 22,048 22,048 The following table contains an analysis of the credit exposure of other receivables and deposits for which an ECL allowance is recognised, based on individual impairment assessment:- Performing RM’000 Under performing RM’000 Non performing RM’000 Total RM’000 Gross carrying amount 209,713 - 22,048 231,761 Loss allowance - - (22,048) (22,048) Carrying amount (net of loss allowance) 209,713 - - 209,713