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Annual Report 2016
ASIA MEDIA GROUP Berhad
105
Notes to the Financial Statements
(continued)
11. Trade and other receivables (cont’d)
Trade receivables of the Group are non-interest bearing and normal credit term are 30 days
(2015: 30 days). They are recognised at their original invoiced amounts which represent their
fair values on initial recognition.
Amounts due from subsidiaries are mainly in respect of advances and payments made on
behalf. Amounts which have been impaired relate mainly to amount due from subsidiaries, due
to unfavourable market conditions and demand.
Ageing analysis of trade receivables
The ageing analysis of the Group’s trade receivables is as follows:
2016
2015
RM
RM
Neither past due nor impaired
–
60,000
1 to 30 days past due not impaired
603,000
–
31 to 120 days past due not impaired
–
372,498
More than 120 days past due not impaired
–
59,064
603,000
431,562
Impaired and provided for
–
648,173
603,000 1,139,735
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 RM603,000 (2015: RM431,562) that are past
due at the reporting date but not impaired. These relate to a single customer from whom there
is no recent history of default.