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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
7. PROPERTY, PLANT AND EQUIPMENT (continued)
(b) The carrying amounts of the property, plant and equipment of the Group and of the Company under
hire purchase arrangement as at the end of the reporting period are as follows:
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Motor vehicles
872,872 1,006,230
148,119
236,976
EDC equipment
5,750,578 7,984,328
-
-
6,623,450 8,990,558
148,119
236,976
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 the carrying amount
of RM5,936,118 (2014 RM5,376,337) 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
1.1.2015 Additions Written off
Reclassifi-
cation
Amortisation
charge for
the financial
year
Balance
as at
31.12.2015
RM
RM
RM
RM
RM
RM
Carrying amount
Completed
development costs
2,021,830
148,036
-
2,246,830 (1,065,472)
3,351,224
Development-in-
progress
1,866,317
652,368 (271,855) (2,246,830)
-
-
3,888,147
800,404 (271,855)
-
(1,065,472)
3,351,224
At 31.12.2015
Cost
Accumulated
amortisation
Carrying
amount
Group
RM
RM
RM
Completed development costs
18,374,053 (15,022,829)
3,351,224
Development-in-progress
-
-
-
18,374,053 (15,022,829)
3,351,224