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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
16. CASH AND BANK BALANCES
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Cash and bank balances
52,256,435 38,224,772 4,444,483 14,799,152
Deposits with licensed banks
6,847,548 7,102,550
-
721,705
59,103,983 45,327,322 4,444,483 15,520,857
(a) Included in the deposits of the Group and of the Company are amount of RM6,799,254 (2014:
RM5,885,764) and RM Nil(RM100,000) respectively 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
2015
2014
2015
2014
RM
RM
RM
RM
Australian Dollar
1,824,733 1,540,563
975,236
625,119
Ringgit Malaysia
48,490,844 38,378,459 2,256,106 14,598,066
Philippines Peso
4,209,837 3,125,496
-
-
Thai Baht
2,096,898 1,672,476
-
-
Singapore Dollar
337,928
88,221
-
-
Indonesia Rupiah
4,890
15,172
-
-
US Dollar
2,138,853
506,935 1,213,141
297,672
59,103,983 45,327,322 4,444,483 15,520,857
(c) For the purpose of statements of cash flows, cash and cash equivalents comprise the following as at
the end of each reporting period:
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Cash and bank balances
52,256,435 38,224,772 4,444,483 14,799,152
Deposits with licensed banks
- not more than three months
48,294 1,216,786
-
621,705
- more than three months
6,799,254 5,885,764
-
100,000
59,103,983 45,327,322 4,444,483 15,520,857
Less: Deposits pledged to licensed banks
(6,799,254) (5,885,764)
-
(100,000)
52,304,729 39,441,558 4,444,483 15,420,857
(d) Information on financial risks of cash and bank balances is disclosed in Note 36 to the financial
statements.