114
GHL Systems Berhad
(293040-D)
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
13. TRADE AND OTHER RECEIVABLES (continued)
(g) The reconciliation of movement in the impairment losses are as follows (continued):
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Other receivables
At 1 January
487,272
488,351 26,656,542 21,962,527
Charge for the financial year
-
-
-
5,041,165
Reversal of impairment losses
-
-
(745,723)
(347,150)
Exchange differences
22,172
(1,079)
-
-
At 31 December
509,444
487,272 25,910,819 26,656,542
7,385,835 5,251,084 32,545,381 47,717,682
Tradeandother receivables that arecollectivelydetermined tobe impairedat theendof each reporting
period relate to those debtors that are not individually assessed for impairment and share similar credit
risk characteristics. These receivables are not secured by any collateral or credit enhancements.
(h) Information on financial risks of trade and other receivables is disclosed in Note 36 to the financial
statements.
14. DEFERRED TAX
(a) The deferred tax assets and liabilities are made up of the following:
Group
Company
2014
2013
2014
2013
Note RM
RM
RM
RM
Balance as at 1 January
(2,148,399)
(392,527)
278,293
807,473
Acquisition of subsidiaries
10
360,000
-
-
-
Recognised in profit or loss
29
907,191 (1,755,872)
(278,293)
(529,180)
Recognised in other comprehensive
income
(12,030)
-
-
-
Balance as at 31 December
(893,238) (2,148,399)
-
278,293
Presented after appropriate
offsetting:
Deferred tax assets, net
(1,262,866) (2,443,243)
-
-
Deferred tax liabilities, net
369,628
294,844
-
278,293
(893,238) (2,148,399)
-
278,293
