FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 279 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 28 AMOUNTS DUE FROM/(TO) A SIGNIFICANT SHAREHOLDER, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) Ageing and history of default analysis of the significant shareholder, joint ventures and other related companies balances of the previous financial year were as follows: Past due but not impaired In previous financial year, RM533,248,000 (1.1.2017: RM287,356,000) of amounts due from a significant shareholder, joint ventures and other related companies and RM774,754,000 (1.1.2017: RM610,067,000) of amounts due from subsidiaries and amounts due from other related companies for the Group and the Company respectively were past due but not impaired. The ageing analysis of these balances is as follows: Group Less than 30 days past due RM’000 Between 30 and 60 days past due RM’000 Between 61 and 90 days past due RM’000 Between 91 days and 1 year past due RM’000 More than 1 year past due RM’000 Total RM’000 At 31 December 2017 Amounts due from a significant shareholder 33,813 10,330 13,313 37,992 76,244 171,692 Amounts due from joint ventures* 276,605 27,819 6,110 1,215 30,097 341,846 Amounts due from other related companies 9,984 4,127 3,245 1,057 1,297 19,710 320,402 42,276 22,668 40,264 107,638 533,248 Group Less than 30 days past due RM’000 Between 30 and 60 days past due RM’000 Between 61 and 90 days past due RM’000 Between 91 days and 1 year past due RM’000 More than 1 year past due RM’000 Total RM’000 At 1 January 2017 Amount due from a significant shareholder 16,568 13,621 12,215 45,034 21,564 109,002 Amounts due from joint ventures* 3,000 - - 4,800 20,914 28,714 Amounts due from other related companies 12,750 12,494 19,223 105,010 163 149,640 32,318 26,115 31,438 154,844 42,641 287,356 * Included in the amounts due from joint ventures is an amount due RM26,941,000; 1.1.2017: RM20,914,000), which is to fund the construction and working capital of a power plant. The amount will be repaid via the proceeds from a bank loan granted to the joint venture once the power plant is in operation, which is expected to be realised beyond 12 months from 31 December 2017.