124
GHL Systems Berhad
(293040-D)
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
21. HIRE PURCHASE CREDITORS (continued)
(b) Information on financial risk of hire purchase creditors and its remaining maturity disclosed in Note 36
to the financial statements.
22. BANKERS’ ACCEPTANCE AND ISLAMIC FACILITY
(a) Bankers’ acceptance and Islamic facility of the Group is secured by:
(i) A pledge of the deposits with licensed banks as disclosed in Note 16 to the financial statements;
and
(ii) A pledge of the available-for-sale investments as disclosed in Note 12 to the financial statements;
In addition, the bankers’ acceptance and Islamic facility are guaranteed by the Company.
(b) The currency exposure profile of bank acceptance and Islamic facility are denominated in Ringgit
Malaysia.
(c) Information on financial risk of bankers’ acceptance and Islamic facility and their remaining maturities
are disclosed in Note 36 to the financial statements.
23. DEFERRED INCOME
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Non-current portion
3,104 3,175,178
-
-
Current portion
370,181 1,848,795
-
344,592
373,285 5,023,973
-
344,592
(a) Deferred income represents advance receipts from NetAccess maintenance arrangements. These
arrangements ranged from 1 month to 2 years (2013: 1 month to 5 years) for the Group and the
Company. Deferred income is recognised in profit or loss upon the commencement of the arrangement
and is amortised on a straight line basis over the arrangement period.
(b) Movements of deferred income during the financial year are as follows:
Group Company
RM
RM
At 1 January 2013
6,367,241
789,243
Advance receipts during the financial year
502,723
102,420
Recognised in profit or loss
(1,845,991)
(547,071)
At 31 December 2013
5,023,973
344,592
Advance receipts during the financial year
373,285
-
Recognised in profit or loss
(730,760)
(344,592)
Acquisition of subsidiaries (Note 10)
(4,293,213)
-
At 31 December 2014
373,285
-
