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ASIA MEDIA GROUP Berhad
Annual Report 2016
104
Notes to the Financial Statements
(continued)
11. Trade and other receivables
Group
Company
2016
2015
2016
2015
RM
RM
RM
RM
Trade receivables
Third parties
603,000 1,139,735
–
–
Less: Allowance for impairment
losses
– (648,173)
–
–
603,000
491,562
–
–
Other receivables
Other receivables
66,172
535
–
–
Owing from a subsidiary
–
– 110,954,583 109,294,779
Prepayments
2,394
2,094
–
–
Deposits
96,870
98,778
1,308
1,308
165,436
101,407 110,955,891 109,296,087
Less: Allowance for impairment
losses
–
– (110,954,583) (101,250,000)
Other receivables
165,436
101,407
1,308 8,046,087
Trade and other receivables
768,436
592,969
1,308 8,046,087
Allowance for impairment
losses
At 1 January
(648,173)
(92,123) (101,250,000)
–
Addition during the financial
year (Note 17)
– (556,050) (9,704,583) (101,250,000)
Write off during the financial year
648,173
–
–
–
At 31 December
– (648,173) (110,954,583) (101,250,000)
Trade and other receivables
768,436
592,969
1,308 8,046,087
Less: Prepayments
(2,394)
(2,094)
–
–
766,042
590,875
1,308 8,046,087
Add: Cash and bank balances
8,097,777 13,431,852
6,103
5,943
Total financial assets classified
as loans and receivables
8,863,819 14,022,727
7,411 8,052,030