29
MIGHT Directors’ Report And Audited Financial Statements 2020
8. RIGHT-OF-USE ASSETS (continued)
The Group and the Company have certain leases of o ce equipment with lease term of twelve (12) months or less, and low value leases of o ce equipment of RM20,000 and below. The Group and the Company applied the “short-term lease” and “lease of low-value assets” exemptions for these leases.
(b)
The following are the amounts recognised in administration expenses:
(c)
GROUP
COMPANY
COMPANY
GROUP
2020 RM
2020 RM
2019 RM
2019 RM
Depreciation charge of right-of-use assets
75,966
496,838
85,661
403,930
-
Expense relating to leases of short-term assets
1,800
-
8,550
13,626
17,732
12,708
Expense relating to leases of low-value assets
56,591
14,070
84,442
13,148
Interest expense on lease liabilities
84,407
103,662
600,812
111,517
553,478
9. TRADE AND OTHER RECEIVABLES
GROUP
COMPANY
2019 RM
2019 RM
2020 RM
2020 RM
Trade receivables Third parties Amounts owing by members
560,076 2,628,800
615,531 2,216,700
535,076 2,628,800
590,531 2,216,700
3,188,876
2,832,231
3,163,876
2,807,231
Less: Impairment losses - third parties
(378,548) (2,628,800)
(251,657) (2,138,600)
(353,548) (2,628,800)
(226,657) (2,138,600)
- amount owing by an associate
(3,007,348)
(2,390,257)
(2,982,348)
(2,365,257)
Total trade receivables
181,528
441,974
181,528
441,974
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