FGV Audited Financial Statements 2020

29 AMOUNTS DUE FROM/(TO) ULTIMATE HOLDING COMPANY, 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 2020 reconciles to the opening loss allowance balance as follows: Performing RM’000 Under- performing RM’000 Non- performing RM’000 Total RM’000 Company Opening loss allowance as at 1 January 2019 - - 8,188 8,188 Increase in loss allowance (net) - - 4,246 4,246 Loss allowance as at 31 December 2019/ 1 January 2020 - - 12,434 12,434 Decrease in loss allowance (net) - - (813) (813) Closing loss allowance as at 31 December 2020 - - 11,621 11,621 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 Company 31 December 2020 Gross carrying amount 775,893 - 11,621 787,514 Loss allowance - - (11,621) (11,621) Carrying amount (net of loss allowance) 775,893 - - 775,893 31 December 2019 Gross carrying amount 1,074,468 - 12,434 1,086,902 Loss allowance - - (12,434) (12,434) Carrying amount (net of loss allowance) 1,074,468 - - 1,074,468 148 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020