Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 132 31. Financial Instruments (a) Classification of financial instruments Financial assets and financial liabilities are measured on an ongoing basis either at fair value or at amortised cost. The principal accounting policies in Note 3 describe how the classes of financial instruments are measured, and how income and expense, including fair value gains and losses, are recognised. The following table analyses the financial assets and liabilities in the statements of financial position by the class of financial instruments to which they are assigned, and therefore by the measurement basis: Other financial liabilities at Loans and amortised receivables cost Total Group RM RM RM 2017 Financial Assets Trade receivables 770,700 - 770,700 Other receivables 39,478 - 39,478 Cash and bank balances 1,952,639 - 1,952,639 2,762,817 - 2,762,817 Financial Liabilities Trade payables - 658,188 658,188 Other payables - 1,034,691 1,034,691 Amount due to Directors - 1,094,577 1,094,577 - 2,787,456 2,787,456 2016 Financial Assets Trade receivables 603,000 - 603,000 Other receivables 163,042 - 163,042 Cash and bank balances 8,097,777 - 8,097,777 8,863,819 - 8,863,819 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (cont’d)