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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
23. DEFERRED INCOME (continued)
(b) Movements of deferred income during the financial year are as follows:
Group Company
RM
RM
At 1 January 2014
5,023,973
344,592
Advance receipts during the financial year
373,285
-
Recognised in profit or loss
(730,760)
(344,592)
Acquisition of subsidiaries (Note 10)
(4,293,213)
-
At 31 December 2014
373,285
-
Advance receipts during the financial year
727,365
321,562
Recognised in profit or loss
(661,091)
(253,782)
At 31 December 2015
439,559
67,780
24. TRADE AND OTHER PAYABLES
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Trade payables
Third parties
11,818,704 16,176,127
226,663
111,706
Other payables
Other payables
50,034,373 22,812,592
632,560
264,256
Amounts owing to subsidiaries
-
-
1,773,958 3,916,614
Deposits
12,398,494 10,278,957
151,879
1,879
Accruals
4,437,724 4,337,200
633,449
298,926
66,870,591 37,428,749 3,191,846 4,481,675
78,689,295 53,604,876 3,418,509 4,593,381
(a) Trade payables are non-interest bearing and the normal trade credit terms granted to the Group
and the Company range from 1 to 90 days and 30 to 60 days (2014: 1 to 90 days and 30 to 60 days)
respectively.
(b) Amounts owing to subsidiaries represent payments on behalf are unsecured, interest free and payable
upon demand in cash and cash equivalents.