Sasbadi Annual Report 2020

SASBADI HOLDINGS BERHAD 108 FINANCIAL STATEMENTS (continued) 12. Contract with customers (continued) 12.2 Contract liabilities Group 2020 2019 RM’000 RM’000 Contract liabilities 1,940 1,239 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: Group 2020 2019 RM’000 RM’000 Contract liabilities at the beginning of the period recognised as revenue 1,239 3,042 13. Trade and other receivables Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Current Trade Trade receivables 46,656 52,154 - - Less: Impairment losses (9,668) (8,124) - - 36,988 44,030 - - Accrued income 13.1 98 - - - 37,086 44,030 - - Non-trade Amount due from subsidiaries 13.2 - - 23,527 23,099 Other receivables and deposits 3,270 5,452 2 2 3,270 5,452 23,529 23,101 40,356 49,482 23,529 23,101 13.1 Accrued income Accrued income related to the Group’s rights to consideration for goods delivered but not yet billed at reporting date. 13.2 Amount due from subsidiaries Amount due from subsidiaries is non-trade in nature, unsecured, interest free and repayable on demand.