Sasbadi Annual Report 2019

PAGE 105 ANNUAL REPORT 2019 FINANCIAL STATEMENTS (continued) 11. Contract with customers (continued) 11.2 Contract liabilities Group 2019 2018 RM’000 RM’000 Restated Contract liabilities 1,239 3,042 The contract liabilities primarily relate to the advance consideration received from customers for sale of online/digital materials, which revenue is recognised over time throughout the agreed period. The contract liabilities are expected to be recognised as revenue over a period of 180 days or 365 days. Significant changes to contract liabilities balances during the period are as follows: 2019 2018 Group RM’000 RM’000 Restated Contract liabilities at the beginning of the period recognised as revenue 3,042 3,033 12. Trade and other receivables Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Current Trade Trade receivables 52,154 51,510 - - Less: Impairment losses (8,124) (3,590) - - 44,030 47,920 - - Non-trade Amount due from subsidiaries 12.1 - - 23,099 16,025 Other receivables and deposits 5,452 8,112 2 3 5,452 8,112 23,101 16,028 49,482 56,032 23,101 16,028 12.1 Amount due from subsidiaries Amount due from subsidiaries is non-trade in nature, unsecured, interest free and repayable on demand.