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Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110)
(21185-P)
• Annual Report 2020
165
19. Trade and other receivables (cont’d.)
(b) Other receivables (cont’d.)
Movement in allowance accounts:
Group
Company
2020
2019
2020
2019
RM’000
RM’000
RM’000
RM’000
At 1 April 2019/2018
866
848
-
-
Charge for the year (Note 5)
415
-
100
-
Exchange differences
(106)
18
-
-
As 31 March
1,175
866
100
-
20. Biological assets
Group
2020
2019
RM’000
RM’000
At 1 April 2019/2018
1,019
2,145
Fair value changes recognised in profit or loss (Note 7)
2,672
(1,272)
Exchange differences
(344)
146
At 31 March
3,347
1,019
The fair value of biological assets was based on the actual quantity of fresh fruit bunches (“FFB”) for 15 days period and the observable
current market price of FFB at each point of fair value.
Sensitivity analysis
A 10% increase/(decrease) in the average of FFB selling price (RM/MT) would result in the following to the fair value change of the
biological assets:
Group
2020
2019
RM’000
RM’000
10% increase
396
210
10% decrease
(396)
(210)