FGV Audited Financial Statements 2020

27 RECEIVABLES (CONTINUED) The receivables are denominated as follows: Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 - Ringgit Malaysia 889,313 707,882 10,337 11,785 - United States Dollar 647,222 573,332 - - - Indonesian Rupiah 4,305 8,644 - - - Chinese Yuen Renminbi - 4,968 - 4,968 - Thai Baht 5,074 4,036 - - - Pakistan Rupee 674 951 - - - Singapore Dollars 129 140 - - - Euro dollar 316 - - - 1,547,033 1,299,953 10,337 16,753 The credit terms of trade receivables are up to 90 days (2019: 90 days). (a) Reconciliation of loss allowance (i) Trade receivables using simplified approach The loss allowance for trade receivables as at 31 December 2020 reconciles to the opening loss allowance balance as follows: Non-credit impaired RM’000 Credit impaired RM’000 Total RM’000 Group Opening loss allowance as at 1 January 2019 14,622 171,290 185,912 Increase in loss allowance (net) 855 6,708 7,563 Write-offs (122) (1,695) (1,817) Foreign exchange movements - (685) (685) Loss allowance as at 31 December 2019/1 January 2020 15,355 175,618 190,973 Increase/(decrease) in loss allowance (net) 3,992 (2,887) 1,105 Write-offs - (232) (232) Foreign exchange movements - 57 57 Closing loss allowance as at 31 December 2020 19,347 172,556 191,903 141 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020