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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015
1. CORPORATE INFORMATION
The Company is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on
the Main Market of Bursa Malaysia Securities Berhad.
The registered office of the Company is located at Unit 30-01, Level 30, Tower A, Vertical Business Suite,
Avenue 3, Bangsar South, No.8, Jalan Kerinchi, 59200 Kuala Lumpur.
The principal place of business of the Company is located at C-G-15, Block C, Jalan Dataran SD 1, Dataran
SD PJU 9, Bandar Sri Damansara, 52200 Kuala Lumpur.
The consolidated financial statements for the financial year ended 31 December 2015 comprise the
Company and its subsidiaries. These financial statements are presented in Ringgit Malaysia (“RM”), which is
also the functional currency of the Company.
The financial statements were authorised for issue in accordance with a resolution by the Board of Directors
on 29 March 2016.
2. PRINCIPAL ACTIVITIES
The principal activities of the Company are those of investment holding, developing and selling in-house
software programmes, sale and rental of Electronic Data Capture (“EDC”) equipment and its related
software and services, inclusive of installation, training and maintenance. The principal activities of the
subsidiaries are disclosed in Note 10 to the financial statements.
3. BASIS OF PREPARATION
The financial statements of the Group and of the Company set out on pages 56 to 156 have been prepared
in accordance with Malaysian Financial Reporting Standards (“MFRSs”), International Financial Reporting
Standards (“IFRSs”) and the provisions of the Companies Act, 1965 in Malaysia. However, Note 37 to the
financial statements set out on page 157 has been prepared in accordance with Guidance on Special
Matter No. 1,
Determination of Realised and Unrealised Profits or Losses in the Context of Disclosure Pursuant
to Bursa Malaysia Securities Berhad Listing Requirements
, as issued by the Malaysian Institute of Accountants
(“MIA Guidance”) and the directive of Bursa Malaysia Securities Berhad.
4. SIGNIFICANT ACCOUNTING POLICIES
4.1 Basis of accounting
The financial statements of the Group and of the Company have been prepared under the historical cost
convention except as otherwise stated in the financial statements.
The preparation of financial statements in conformity with MFRSs requires the Directors to make estimates
and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses and
disclosure of contingent assets and contingent liabilities. In addition, the Directors are also required to
exercise their judgement in the process of applying the accounting policies. The areas involving such
judgements, estimates and assumptions are disclosed in Note 6 to the financial statements. Although
these estimates and assumptions are based on the Directors’ best knowledge of events and actions,
actual results could differ from those estimates.