Asia Media Annual Report 2018

98 | P a g e Impairment of trade receivables The Group determines that a trade receivable is credit-impaired when the customer is experiencing significant financial difficulty and has defaulted in payments. Unless otherwise demonstrated, the Group generally considers a default to have occurred when the trade receivable is more than 90 days past due. The gross carrying amount of a credit-impaired trade receivable is directly written off when there is no reasonable expectation of recovery. This normally occurs when there is reasonable proof of customer insolvency. The Group measures the loss allowance for trade receivables at an amount equal to lifetime expected credit losses using the simplified approach in accordance with MFRS 9. Based on the current Board of Directors’ assessment, trade receivables of RM600,000/- is no longer collectable. Therefore, the Group has written off this amount of trade receivables. There is no significant impact arising from the expected credit loss, other than mentioned above. 10. OTHER RECEIVABLES (a) The Group and the Company measure the loss allowance for other receivables and amount due from Directors at an amount equal to lifetime expected credit losses using the simplified approach in accordance with MFRS 9. Based on the current Board of Directors’ assessment, other receivables and amount due from Directors of the Group amounted to RM2,344,528/- and RM23,233/- respectively are no longer collectable. Therefore, the Group and the Company have written off this amount of other receivables and amount due from Directors. 2018 2017 2018 2017 Note RM RM RM RM Other receivables 2,344,528 21,043 2,344,528 - Amount due from Directors 23,233 - - - Less: Bad debt written off (2,367,761) - (2,344,528) - Other receivables, net (a) - 21,043 - - Deposits (b) - 102,625 - 1,308 Prepayments - 8,436 - - Reclassified to assets of disposal group held for sale - (89,632) - - - 42,472 - 1,308 Group Company