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Asia Media Group Berhad
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Annual Report 2015
Notes to the Financial Statements
(continued)
pg.
104
10. Trade and other receivables (cont’d)
Receivables that are neither past due nor impaired
Trade receivables that are neither past due nor impaired are creditworthy debtors with good
payment records with the Group.
None of the Group’s trade receivables that are neither past due nor impaired have been
renegotiated during the financial year.
Receivables that are past due but not impaired
The Group have trade receivables amounting to RM431,562 (2014: RM2,365,445) that are past
due at the reporting date but not impaired. These receivables are unsecured.
The management of the Group believes that no impairment allowance is necessary in respect
of these trade receivables. They are substantially companies with good collection track record
and no recent history of default.
Receivables that are impaired
The Group have trade receivables amounting to RM648,173 (2014: RM92,123) that are past
due and have been impaired.
11. Deposits, cash and bank balances
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Cash on hand and at banks
13,431,852 16,261,276
5,943
5,781
Deposits with licensed banks
–
182,864
–
–
13,431,852 16,444,140
5,943
5,781
Cash at banks are deposits held at call with licensed banks. Deposits with licensed banks at 31
December 2015 bore interests Nil (2014: 3.15%) per annum and have maturity periods of Nil
months (2014: 12 months) at financial year end for both Group and Company.