Asia Media Annual Report 2018

97 | P a g e 7. GOODWILL ON CONSOLIDATION 8. INVENTORIES 9. TRADE RECEIVABLES Trade receivables are non-interest bearing and are generally on 30 days (2017: 30 days) term. They are recognised at their original invoice amounts which represent their fair values on initial recognition. Ageing analysis The ageing analysis of the trade receivables of the Group is as follows:- In previous year, trade receivables that are neither past due nor impaired are creditworthy receivables with good payment records with the Group. 2018 2017 RM RM Cost At 1 January/At 31 December 2,612,310 2,612,310 Accumulated impairment losses At 1 January/At 31 December 2,612,310 2,612,310 Carrying amounts At 31 December - - Group 2018 2017 RM RM Consumables - 59,156 Reclassified to assets of disposal group held for sale - 59,156 - - Group 2018 2017 RM RM Trade receivables 600,000 770,700 Less: Bad debts written off (600,000) - - 770,700 Group 2018 2017 RM RM Neither past due nor impaired - 770,700 Group