Asia Media Annual Report 2018

53 | P a g e ASIA MEDIA GROUP BERHAD (Incorporated in Malaysia) STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 2018 2017 2018 2017 Note RM RM RM RM ASSETS Non-current assets Property, plant and equipment 3 - 20,279,451 - - Other intangible assets 4 - 126,104 - - Development costs 5 - 3 - - Investment in subsidiary companies 6 - - - 12,999,998 Goodwill on consolidation 7 - - - - Total non-current assets - 20,405,558 - 12,999,998 Current assets Inventories 8 - - - - Trade receivables 9 - 770,700 - - Other receivables 10 - 42,472 - 1,308 Amount due from subsidiary companies 11 - - - 915,906 Cash and bank balances 1,346,965 1,952,639 7,297 6,290 1,346,965 2,765,811 7,297 923,504 Non-current assets classified as held for sale 12 - - - 4,000,000 Assets included in disposal group classified as held for sale 13 - 4,886,378 - - Total current assets 1,346,965 7,652,189 7,297 4,923,504 Total assets 1,346,965 28,057,747 7,297 17,923,502 EQUITY AND LIABILITIES Equity attributable to owners of the parent Share capital 14 24,773,143 24,773,143 24,773,143 24,773,143 Other reserves 15 - - - - (Accumulated losses)/ Retained earnings (26,095,042) 414,591 (24,891,050) (7,325,222) (1,321,899) 25,187,734 (117,907) 17,447,921 Non-controlling interests (232,801) (187,868) - - Total (deficit)/equity (1,554,700) 24,999,866 (117,907) 17,447,921 Company Group