118
GHL Systems Berhad
(293040-D)
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
15. INVENTORIES (continued)
(a) During the financial year, inventories of the Group and of the Company other than prepaid airtime PINS
are recognised as cost of sales amounted to RM6,913,046 and RM2,699,608 (2013: RM7,653,232 and
RM3,003,543) respectively. The cost of inventories of prepaid airtime PINS is recognised on a net basis
as disclosed in Note 4.18 to the financial statements. In addition, the amounts recognised in the other
operating expenses include the following:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Inventories written off
840,931
158,737
837,221
134,258
(b) During the financial year, inventories of the Group amounting to RM8,933,213 (2013: RM11,067,309) have
been capitalised as property, plant and equipment as disclosed in Note 7 to the financial statements
as the inventories are no longer held for sale.
16. CASH AND BANK BALANCES
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Cash and bank balances
38,224,772 13,980,112 14,799,152 5,176,593
Deposits with licensed banks
7,102,550
117,310
721,705
100,000
45,327,322 14,097,422 15,520,857 5,276,593
(a) Included in the deposits of the Group and of the Company is an amount of RM5,885,764 (2013:
RM100,000) pledged to licensed banks as securities for credit facilities granted to a subsidiary and the
Company respectively as disclosed in Note 20 and Note 22 to the financial statements.
(b) The currency exposure profile of cash and bank balances are as follows:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Australian Dollar
1,540,563
129,238
625,119
85,387
Ringgit Malaysia
38,378,459 10,709,964 14,598,066 5,080,133
Philippines Peso
3,125,496 1,925,313
-
-
Thai Baht
1,672,476 1,164,585
-
-
Singapore Dollar
88,221
-
-
-
Indonesia Rupiah
15,172
-
-
-
US Dollar
506,935
168,322
297,672
111,073
45,327,322 14,097,422 15,520,857 5,276,593
