Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 117 17. Trade Payables The normal trade credit terms of the Group ranged from 30 to 90 days (2016: 30 to 90 days) depending on the terms of the contracts. 18. Other Payables Group Company 2017 2016 2017 2016 RM RM RM RM Current Other payables 543,291 143,902 18,479 79,723 Deposit received 400,000 - 400,000 - Accruals 172,950 306,709 57,100 35,300 Provision for minimum guaranteed sum (Note 33) - 1,822,500 - - Reclassified to assets of disposal group held for sale (Note 14) (81,550) - - - 1,034,691 2,273,111 475,579 115,023 Deposit received of the Group and of the Company amounted to RM400,000 (2016: Nil) is relating to the disposal of subsidiary as disclosed in Notes 7, 13 and 14. The provision for minimum guaranteed sum was provided in the previous financial year for the claim against the Group in relation to the material litigation as disclosed in Note 33. In the current financial year, the management decides to reverse the said provision after the trial being concluded, whereby the Group’s lawyer is of the view that the subsidiary company has a high likelihood of success in this case. 19. Amount due to Directors Amount due to Directors is non-trade in nature, unsecured, non-interest bearing and repayable on demand. NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (cont’d)