FGV Audited Financial Statements 2020

27 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: Current RM’000 Up to 30 days past due RM’000 31 days to 90 days past due RM’000 More than 91 days past due RM’000 Total RM’000 Group 31 December 2020 Gross carrying amount 701,040 353,075 38,538 207,837 1,300,490 Individual impairment - credit impaired - - - (172,556) (172,556) 701,040 353,075 38,538 35,281 1,127,934 Expected credit loss rate 0.2% 0.2% 7.7% 40.8% Collective impairment (1,322) (658) (2,974) (14,393) (19,347) Carrying amount (net of loss allowance) 699,718 352,417 35,564 20,888 1,108,587 31 December 2019 Gross carrying amount 496,563 391,243 40,683 224,420 1,152,909 Individual impairment - credit impaired - - - (175,618) (175,618) 496,563 391,243 40,683 48,802 977,291 Expected credit loss rate 0.04% 0.2% 2.1% 28.0% Collective impairment (185) (637) (845) (13,688) (15,355) Carrying amount (net of loss allowance) 496,378 390,606 39,838 35,114 961,936 The increase in trade receivables’ ECL during the financial year relates to receivables from current year sales that are credit- impaired. 142 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020