MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) 206 NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʤ (CONT’D) 13. GOODWILL ON CONSOLIDATION (CONT’D) (a) Budgeted gross margin Average gross margins achieved in the year immediately before the budgeted year. (b) Growth rate The growth rates used are based on the expected projection of e-business and provision of credit card terminal, hardware, solutions and other related services. There is no growth rate in perpetuity to arrive at terminal value. (c) Discount rate (pre-tax) Reflect specific risk relating to the relevant cash generating unit. The values assigned to the key assumptions represent management’s assessment of future trends in the cashgenerating units and are based on both external sources and internal historical data. The directors believe that there is no reasonable change in the above key assumptions applied that is likely to materially cause the respective cash generating unit carrying amount of the goodwill to exceed its recoverable amounts. 14. FINANCING RECEIVABLES The Group 2021 2020 RM’000 RM’000 Current assets Loan receivables (Secured) 23,553 18,889 Loan receivables (Unsecured) 4,011 3,789 Hire purchase and finance lease receivables 14,879 14,631 Ijarah financing receivables 3,129 1,584 Micro financing receivables 2 3 45,574 38,896 Non-Current assets Loan receivables (Secured) 220,699 127,407 Loan receivables (Unsecured) 22,760 27,705 Hire purchase and finance lease receivables 29,247 41,828 Ijarah financing receivables 12,164 5,953 284,870 202,893 330,444 241,789 Less: Unearned profit (8,763) (9,993) Gross financing receivables 321,681 231,796 Allowance for impairment losses (2,404) (2,165) Net financing receivables 319,277 229,631
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