104 / 142
Annual Report 2016
ASIA MEDIA GROUP Berhad
103
Notes to the Financial Statements
(continued)
9.
Investment in subsidiaries (cont’d)
(c) Disposal of subsidiaries
On 8 April 2016, the Company had disposed of its entire interest in Asia Media Interactive
Sdn. Bhd. and Asia Media Marketing Sdn. Bhd. for RM1 each for a total consideration of
RM2.
The disposal had the following financial effects to the Group as at the date of disposal are
as follow:
At the date
of disposal
RM
Net asset disposed
996
Total disposal proceeds
2
Gain on disposal to the Group
998
10. Goodwill on consolidation
Group
2016
2015
RM
RM
At 1 January
– 2,570,627
Acquisition of a subsidiary
–
41,683
Less: Impairment loss during the financial year (Note 17)
– (2,612,310)
At 31 December
–
–