FGV Audited Financial Statements 2020

27 RECEIVABLES (CONTINUED) (a) Reconciliation of loss allowance (continued) (ii) Other receivables and deposits using general 3 stage approach The loss allowance for other receivables and deposits as at 31 December 2020 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 Group Opening loss allowance as at 1 January 2019 - - 22,048 22,048 Individual financial assets transferred to under-performing - 1,321 (1,321) - (Decrease)/increase in loss allowance (net) - (3) 200 197 Foreign exchange movements - - (28) (28) Loss allowance as at 31 December 2019/ 1 January 2020 - 1,318 20,899 22,217 Increase in loss allowance (net) - - 467 467 Written off - - (83) (83) Foreign exchange movements - - 48 48 Closing loss allowance as at 31 December 2020 - 1,318 21,331 22,649 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 Group 31 December 2020 Gross carrying amount 258,065 1,505 21,331 280,901 Loss allowance - (1,318) (21,331) (22,649) Carrying amount (net of loss allowance) 258,065 187 - 258,252 31 December 2019 Gross carrying amount 189,656 1,318 20,899 211,873 Loss allowance - (1,318) (20,899) (22,217) Carrying amount (net of loss allowance) 189,656 - - 189,656 143 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020