My EG Services Berhad Annual Report 2019

ANNUAL REPORT 2019 157 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) FINANCIAL STATEMENTS 18. TRADE RECEIVABLES The Group The Company 31.12.2019 30.9.2018 31.12.2019 30.9.2018 RM’000 RM’000 RM’000 RM’000 Trade receivables 156,053 150,187 313 340 Allowance for impairment losses (15) (13) - - 156,038 150,174 313 340 Accrued income 747 681 - - 156,785 150,855 313 340 Allowance for impairment losses under MFRS 9 (2018 - MFRS 139):- At 1 October 2018/1 July 2017 (13) (15) - - Addition during the financial period (33) (41) - - Reversal during the financial period 31 43 - - At 31 December 2019/30 September 2018 (15) (13) - - The Group’s normal trade credit terms range from cash terms to 180 days (2018 - cash term to 180 days). Other credit terms are assessed and approved on a case-by-case basis. 19. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS The Group The Company 31.12.2019 30.9.2018 31.12.2019 30.9.2018 RM’000 RM’000 RM’000 RM’000 Other receivables:- Third parties 29,465 20,850 16,205 5,554 Allowance for impairment losses under MFRS 9 (2018 - MFRS 139) (20) (20) - - 29,445 20,830 16,205 5,554 Goods and services tax recoverable 494 1,030 - 126 29,939 21,860 16,205 5,680 Deposits 3,297 3,534 1,691 1,894 Prepayments 23,022 53,553 16,774 37,091 56,258 78,947 34,670 44,665 Breakdown as below:- Purchase of equipment 15,448 45,669 15,148 35,506 Advance payments for exhibition and marketing - 4,350 - - Performance guarantee placed with gateway provider 26,930 17,775 14,099 3,681 Performance bond placed with government agency 99 99 - - Renovation works - 374 - 312 Prepayment for leasehold land 5,081 5,081 - -