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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
21. HIRE PURCHASE CREDITORS (continued)
(a) The currency exposure profile of hire purchase creditors are as follows:
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Ringgit Malaysia
576,340
700,935
214,901
322,515
Philippines Peso
4,832,871 5,681,333
-
-
5,409,211 6,382,268
214,901
322,515
(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 are 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 bankers’ 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
2015
2014
2015
2014
RM
RM
RM
RM
Non-current portion
184,188
3,104
-
-
Current portion
255,371
370,181
67,780
-
439,559
373,285
67,780
-
(a) Deferred income represents advance receipts from NetAccess maintenance arrangements. These
arrangements ranged from 1 month to 2 years (2014: 1 month to 2 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.