Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 118 20. Amount due to a Subsidiary Company Amount due to a subsidiary Company is non-trade in nature, unsecured, non-interest bearing and repayable on demand. 21. Bank Borrowings Group 2017 2016 RM RM Secured Revolving credit - 1,500,000 The above banking facility obtained from licensed bank is secured by the following: (a) First party legal charge over properties owned by one of the Directors of the Company; and (b) Corporate guaranteed by the Company. The effective interest rates of the bank borrowings ranged from 3.77% to 4.38% (2016: 3.39% to 4.38%). 22. Revenue Revenue of the Group and the Company represent the invoiced value of services rendered net of discount and allowance. Group 2017 2016 RM RM Continuing operations Airtime advertising 15,384,112 9,584,946 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (cont’d)