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GHL Systems Berhad
(293040-D)
Annual report 2015
Group
Company
2015
2014
2015
2014
Note RM
RM
RM
RM
CASH FLOWS FROM OPERATING ACTIVITIES
Profit/(Loss) before tax
16,117,492 11,121,681 (131,038,651)
9,983,810
Adjustments for:
Amortisation of:
- intangible assets
8
1,065,472 1,193,883
827,683 1,017,976
- deferred income
23
(661,091)
(730,760)
(253,782)
(344,592)
Bad debts written off
44,346
85,886
-
-
Depreciation of property, plant and
equipment
7 15,965,653 10,770,192
873,147
993,349
Dividend income
28
-
-
(6,200,000)
-
Impairment losses on:
- property, plant and equipment
7
-
277,818
-
-
- trade and other receivables
13
1,120,739
927,485 24,504,463
189,030
- investment in a subsidiary
10
-
- 123,102,509
-
Intangible assets written off
8
271,855
852,939
-
852,939
Interest expense
2,647,150 1,432,327
187,103
17,342
Interest income
(1,153,338)
(648,293)
(575,732)
(687,472)
Inventories written off
15
339,917
840,931
296,625
837,221
Inventories written back
-
(41,154)
-
(41,154)
(Gain) / Loss on disposal of:
- available-for-sale investments
-
(76,424)
-
-
- property, plant and equipment
(222,571)
12,481
835
5,071
Loss/(Gain) on foreign exchange
- unrealised
1,322,651
385,028 (8,742,785)
(615,253)
Property, plant and equipment written
off
7
564,133
1
2,940
-
Property, plant and equipment written back 7
-
(616)
-
-
Reversal of impairment losses on
trade and other receivables
13
(182,007)
(184,073) (4,109,522) (15,361,331)
Share options granted under ESS
31
473,967
962,066
199,521
220,480
Share of loss/(profit) of joint ventures
59,503
(13,418)
-
-
Operating profit/(loss) before changes in
working capital
37,773,871 27,167,980
(925,646) (2,932,584)
Statements of Cash Flows
For the Financial Year Ended 31 December 2015