Asia Media Annual Report 2018

99 | P a g e 10. OTHER RECEIVABLES (b) Deposits The Group and the Company have written off deposits of RM40,478/- and RM1,308/- respectively that no longer exist and collectable. There is no significant impact arising from the expected credit loss, other than mentioned above. 11. AMOUNT DUE FROM SUBSIDIARY COMPANIES Movements in the accumulated for impairment losses of amount due from subsidiary companies are as follows:- Amount due from subsidiary companies is non-trade in nature, unsecured, non-interest bearing and repayable on demand. The Company measures the loss allowance for amount due from subsidiary companies 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, amount due from subsidiary companies of RM1,929,124/- is no longer collectable. Therefore, an impairment loss on amount due from subsidiary companies was provided by the Company. 2018 2017 2018 2017 RM RM RM RM Deposits 40,478 102,625 1,308 1,308 Less: Bad debts written off (40,478) - (1,308) - - 102,625 - 1,308 Group Company 2018 2017 RM RM Amount due from subsidiary companies 109,715,924 108,702,706 Less: Accumulated impairment losses (109,715,924) (107,786,800) - 915,906 Company 2018 2017 RM RM At 1 January 107,786,800 110,954,583 Impairment losses during the financial year 1,929,124 - Reversal during the financial year - (3,167,783) At 31 December 109,715,924 107,786,800 Company