My EG Services Berhad Annual Report 2019

ANNUAL REPORT 2019 155 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) FINANCIAL STATEMENTS 14. GOODWILL ON CONSOLIDATION (CONT’D) The values assigned to the key assumptions represent management’s assessment of future trends in the cash- generating units and are based on both external sources and internal historical data. The directors believe that there is no reasonable possible change in the above key assumptions applied that is likely to materially cause the respective cash generating unit carrying amount of the goodwill to exceed its recoverable amounts. 15. DEFERRED TAX ASSET In the last financial period, the deferred tax asset was in respect of the unrealised gains arising from the sales between the Group and an associate. The amount has been charged out accordingly as at the financial period. 16. FINANCING RECEIVABLES The Group 31.12.2019 30.9.2018 RM’000 RM’000 Current assets Loan receivables (Secured) 11,111 6,482 Loan receivables (Unsecured) 3,654 2,513 Hire purchase and finance lease receivables 17,465 5,454 Micro financing receivables 7 - 32,237 14,449 Non-Current assets Loan receivables (Secured) 224,630 93,518 Loan receivables (Unsecured) 26,746 31,304 Hire purchase and finance lease receivables 36,981 32,969 288,357 157,791 Gross financing receivables 320,594 172,240 Allowance for impairment losses (1,563) (549) 319,031 171,691