34
MIGHT Directors’ Report And Audited Financial Statements 2020
9. TRADE AND OTHER RECEIVABLES (continued) The reconciliation of movements of impairment loss for trade and other receivables at the end of each reporting period are as follows: (continued) (h)
2019 COMPANY
CREDIT IMPAIRED RM
TOTAL ALLOWANCE RM
LIFETIME ECL ALLOWANCE* RM
Trade receivables As at 1 January 2019/31 December 2019
2,365,257
2,365,257
-
Other receivables As at 1 January 2019/31 December 2019
1,125,216
1,125,216
-
Associate As at 1 January 2019/31 December 2019
15,440
15,440
-
*The e ects of expected credit loss is insignificant.
The movements of amounts owing by members are as follow: (i)
GROUP AND COMPANY 2020 RM 2019 RM
Amounts owing by members Balance as at 1 January
2,216,700 412,100
2,927,400
-
Add: Subscription receivable during the financial year Less: Subscription received during the financial year
-
(710,700) 2,216,700
2,628,800
Balance as at 31 December
The amounts owing by members represent annual subscription fees receivable from members.
The reconciliation of movements of impairment loss for amount owing by members at the end of each reporting period are as follows: (j)
2020 GROUP AND COMPANY
LIFETIME ECL ALLOWANCE* RM
CREDIT IMPAIRED RM
TOTAL ALLOWANCE RM
2020 As at 1 January 2020 Charge for the financial year As at 31 December 2020 2019 As at 1 January 2019/31 December 2019
- - -
2,138,600 490,200 2,628,800
2,138,600 490,200 2,628,800
-
2,138,600
2,138,600
*The e ects of expected credit loss is insignificant.
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