98
GHL Systems Berhad
(293040-D)
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
7. PROPERTY, PLANT AND EQUIPMENT (continued)
(a) During the financial year, the Group and the Company made the following cash payments to purchase
property, plant and equipment:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Purchase of property, plant and equipment
14,997,817
2,104,934
430,186
668,544
Financed by hire purchase
(6,424,088)
(200,000)
-
(200,000)
Cash payments on purchase of property,
plant and equipment
8,573,729
1,904,934
430,186
468,544
(b) The carrying amount of the property, plant and equipment of the Group and of the Company under
finance leases at the end of the reporting period are as follows:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Motor vehicles
1,006,230
506,453
236,976
401,969
EDC equipment
7,984,328 1,204,143
-
-
8,990,558 1,710,596
236,976
401,969
Details of the finance lease arrangements are disclosed in Note 21 to the financial statements.
(c) As at the end of the reporting period, long term leasehold land and buildings with carrying amount of
RM5,376,337 (2013: RM Nil) have been charged to a bank for credit facilities to the Group as disclosed
in Note 20 to the financial statements.
8. INTANGIBLE ASSETS
Group
Balance
as at
1.1.2014 Additions
Acquisitions
of
subsidiaries
(Note 10) Written off
Reclassifi-
cation
Amortisation
charge for
the financial
year
Balance
as at
31.12.2014
Carrying amount
RM
RM
RM
RM
RM
RM
RM
Completed development
costs
2,225,526
79,678 130,793 (852,939) 1,632,655 (1,193,883) 2,021,830
Development-in-progress 1,993,294 1,505,678
-
- (1,632,655)
-
1,866,317
4,218,820 1,585,356 130,793 (852,939)
- (1,193,883) 3,888,147
At 31.12.2014
Cost
Accumulated
amortisation
Carrying
amount
Group
RM
RM
RM
Completed development costs
15,979,187 (13,957,357)
2,021,830
Development-in-progress
1,866,317
-
1,866,317
17,845,504 (13,957,357)
3,888,147
