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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
14. DEFERRED TAX (continued)
(c) The amounts of temporary differences for which no deferred tax assets have been recognised in the
statement of financial position are as follows:
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Unused tax losses
12,918,021 11,801,949
-
-
Unabsorbed capital allowances
1,699,588
461,370 1,168,780
368,279
Other deductible temporary differences
2,989,406 2,956,557
-
-
17,607,015 15,219,876 1,168,780
368,279
Deferred tax assets of certain subsidiaries and of the Company have not been recognised in respect
of these items as it is not probable that taxable profits of the subsidiaries and of the Company would
be available against which the deductible temporary differences could be utilised.
15. INVENTORIES
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
At cost
EDC equipment
7,451,032 12,908,827
-
-
Prepaid airtime PINS
51,498,693 36,111,340
-
-
Others
3,832,014 2,746,395 1,228,750 1,177,039
62,781,739 51,766,562 1,228,750 1,177,039
(a) During the financial year, inventories of the Group and of the Company other than prepaid airtime
PINS recognised as cost of sales amounted to RM7,756,782 and RM1,205,480 (2014: RM6,913,046 and
RM2,699,608) 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
2015
2014
2015
2014
RM
RM
RM
RM
Inventories written off
339,917
840,931
296,625
837,221
(b) During the financial year, inventories of the Group amounting to RM14,254,794 (2014: RM8,933,213) 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.