FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 276 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 28 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) (a) Reconciliation of loss allowance Amounts due from subsidiaries using general 3 stage approach The loss allowance for amounts due from subsidiaries 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 Opening loss allowance as at 1 January 2018 (calculated under MFRS 9) - - - - Loss allowance for the year - - 7,504 7,504 Closing loss allowance as at 31 December 2018 - - 7,504 7,504 The following table contains an analysis of the credit exposure of amounts due from subsidiaries 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 722,222 - 7,504 729,726 Loss allowance - - (7,504) (7,504) Carrying amount (net of loss allowance) 722,222 - - 722,222