Dagang NeXchange Berhad Annual Report 2018

11. CONTRACT ASSETS Group 2018 2017 RM’000 RM’000 Contract assets Contract assets relating to contracts with customers 76,985 - Less: Impairment loss (50) - 76,935 - (a) The contract assets primarily relate to the Group’s right to consideration for work completed and services provided on contracts but not yet billed as at the reporting date. The amount will be invoiced within 6 (2017: nil) months. (b) Significant changes to contract assets balances during the period are as follows: Group 2018 2017 RM’000 RM’000 Contract assets at the beginning of the period not transferred to trade receivables due to change in time frame 18,067 - Changes in contract assets due to business combinations during the period 49,255 - 12. TRADE AND OTHER RECEIVABLES Group Company Note 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Trade Trade receivables 82,232 61,951 - - Less: Impairment loss (7,842) (5,459) - - 74,390 56,492 - - Unbilled receivables - 12,812 - - Advance to supplies 12.1 - 2,978 - - 74,390 72,282 - - Non-trade Other receivables 12.2 36,045 17,535 639 708 Less: Impairment loss (2,726) (520) (406) (406) 33,319 17,015 233 302 Deposits 12.3 14,390 13,241 428 348 Prepayments 7,376 3,385 31 17 55,085 33,641 692 667 129,475 105,923 692 667 141 Annual Report 2018 Notes to the Financial Statements (CONTINUED) FINANCIAL STATEMENTS