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 (continued) Non-trade amounts due from joint ventures using general 3 stage approach The loss allowance for non-trade amounts due from joint ventures 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 Group Opening loss allowance as at 1 January 2019 - - 48,430 48,430 Increase in loss allowance (net) - - 89,669 89,669 Loss allowance as at 31 December 2019/ 1 January 2020 - - 138,099 138,099 Increase in loss allowance (net) - - 4,000 4,000 Closing loss allowance as 31 December 2020 - - 142,099 142,099 The following table contains an analysis of the credit exposure non-trade amounts due from joint ventures for which an ECL allowance is recognised, based on individual impairment assessment: Performing RM’000 Non- performing RM’000 Total RM’000 Group 31 December 2020 Gross carrying amount - 142,099 142,099 Individual assessment - (142,099) (142,099) Carrying amount (net of loss allowance) - - - 31 December 2019 Gross carrying amount - 139,116 139,116 Individual assessment - (138,099) (138,099) Carrying amount (net of loss allowance) - 1,017 1,017 150 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020