94
ASIAMEDIAGROUPBERHAD
(813137-V)
Notes to theFinancial Statements
(Cont’d)
10) GOODWILLONCONSOLIDATION
GROUP
2013
2012
RM
RM
Balanceas at beginning and end of year
2,570,627 2,570,627
Goodwill is in respect of acquisitions of subsidiaries by theGroup and has been allocated to its
cash-generatingunit (CGU)where the recoverableamount ofCGUhasbeenbasedon value-in-
use calculations using five year financial projections.
Thediscount ratebasedon theGroup’sweightedaveragecostofcapitalwasapplied indetermining
the recoverable amount of the respectiveCGU.
Sensitivity tochanges inassumptions
Management believes that no reasonablepossiblechanges inanyof thekeyassumptionsabove
would cause the carrying values of theCGUs tomaterially exceed their recoverable amounts.
11) TRADERECEIVABLES,OTHERRECEIVABLESANDPREPAIDEXPENSES
Trade receivablescompriseamounts receivable for services rendered.Thecredit periodgranted
on services rendered is 30 days. Other credit terms are assessed and approved on a case-by-
case basis.
GROUP
2013
2012
RM
RM
Trade receivables
10,181,986
8,041,972
Less:Allowance for doubtful debts
(92,123)
(92,123)
Net
10,089,863
7,949,849
Other receivables and prepaid expenses consist of:
GROUP
COMPANY
2013
2012
2013
2012
RM
RM
RM
RM
Other receivables
9,311,799
11,799
–
–
Prepaid expenses
44,713
42,913
–
–
Refundable deposits
3,402 5,842,472
1,308
1,308
9,359,914 5,897,184
1,308
1,308
The trade and other receivables are all denominated inRinggit Malaysia.
