Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 112 12. Amount Due from Subsidiary Companies (cont’d) Movements in the allowance for impairment loss of amount due from subsidiary companies are as follows: Company 2017 2016 RM RM At 1 January 110,954,583 101,250,000 Impairment loss recognised - 9,704,583 Impairment loss reversed (3,167,783) - At 31 December 107,786,800 110,954,583 Amount due from subsidiary companies is non-trade in nature, unsecured, non- interest bearing and repayable on demand. 13. Non-Current Assets Classified as Held for Sale On 22 December 2017, the Company entered into a Shares Sales Agreement (“SSA”) with a third party to dispose the entire equity shares in DPO Plantation Sdn. Bhd. (“DPO”). As at 31 December 2017, the conditions precedent as set out in the SSA have yet to be fulfilled. The non-current asset classified as held for sale on the Company’s statements of financial position as at 31 December 2017 is as follows: Company RM Non-Current Asset Investment in a subsidiary company 4,000,000 14. Disposal Group Held for Sale As at 31 December 2017, the assets and liabilities of DPO Plantation Sdn. Bhd. (“DPO”) have been presented on the statements of financial position as a disposal group held for sale and results from this subsidiary company is presented separately on the statements of profit or loss and other comprehensive income as discontinued operation. NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (cont’d)