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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
24. TRADE AND OTHER PAYABLES
(c) The currency exposure profile of payables are as follows:
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Australian Dollar
1,192,892 1,153,945
-
-
Great Britain Pound
4,000
2,600
-
-
Ringgit Malaysia
67,347,264 41,602,391 3,418,509 4,333,109
Philippines Peso
4,200,573 5,220,661
-
-
Thai Baht
1,770,398 1,146,561
-
-
US Dollar
4,174,168 4,477,392
-
260,272
Indonesia Rupiah
-
1,326
-
-
78,689,295 53,604,876 3,418,509 4,593,381
(d) Information on financial risk of trade and other payables are disclosed in Note 36 to the financial
statements.
25. CONTINGENT LIABILITIES
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Secured
Bank guarantee in favour of third party
- performance bond
-
100,000
-
100,000
Unsecured
Corporate guarantee given to banks for credit
facilities granted to subsidiaries
-
-
90,500,000 89,000,000
Guarantees given to a third party in respect of
trade and contract
24,000,000
-
24,000,000
-
24,000,000
100,000 114,500,000 89,100,000
(a) The bank guarantee was secured by pledge of deposits with licensed banks of the Group and of the
Company as disclosed in Note 16 to the financial statements.
(b) The Directors are of the view that the chances of the financial institutions to call upon the corporate
guarantees are remote. Accordingly, the fair values of the above corporate guarantees given to
subsidiaries for the banking facilities are negligible.