140 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 27 AMOUNTS DUE FROM/(TO) ULTIMATE HOLDING COMPANY, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) (a) Reconciliation of loss allowance (continued) Trade amounts due from ultimate holding company, joint ventures and other related companies using simplified approach The loss allowance for trade amounts due from ultimate holding company, joint ventures and other related companies as at 31 December 2022 reconciles to the opening loss allowance balance as follows: Group Non-credit impaired RM’000 Credit impaired RM’000 Total RM’000 Opening loss allowance as at 1 January 2021 5,798 13,619 19,417 Increase/(decrease) in loss allowance (net) 151 (3,815) (3,664) Loss allowance as at 31 December 2021/1 January 2022 5,949 9,804 15,753 Increase/(decrease) in loss allowance (net) 7,876 (3,678) 4,198 Closing loss allowance as at 31 December 2022 13,825 6,126 19,951 The following table contains an analysis of the credit exposure trade amounts due from ultimate holding company, joint ventures and other related companies for which an ECL allowance is recognised, based on individual impairment assessment: Group Non-credit impaired RM’000 Credit impaired RM’000 Total RM’000 31 December 2022 Gross carrying amount 444,450 13,237 457,687 Individual assessment (13,825) (6,126) (19,951) Carrying amount (net of loss allowance) 430,625 7,111 437,736 31 December 2021 Gross carrying amount 333,540 14,597 348,137 Individual assessment (5,949) (9,804) (15,753) Carrying amount (net of loss allowance) 327,591 4,793 332,384 The decrease in the loss allowance for the financial year relates to decrease of ECL from amounts due from ultimate holding company and other related companies due to settlement of the long outstanding amounts during the financial year.
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