GHL System Berhad Annual Report 2017

GHL SYSTEMS BERHAD 106 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 19. TRADE AND OTHER RECEIVABLES (cont’d) (f) The Group determines concentration of credit risk by monitoring the country profiles of its trade receivables on an ongoing basis. The credit risk concentration profile of the trade receivables of the Group at the end of each reporting period are as follows: 2017 2016 RM % of total RM % of total By country Malaysia 34,531,315 71 17,970,036 57 Philippines 9,506,782 20 11,096,848 35 Thailand 3,614,968 8 2,467,766 7 Australia 460,401 1 72,773 1 48,113,466 100 31,607,423 100 At the end of each reporting period, approximately twenty-six percent (26%) (2016: 43%) of the trade receivables of the Group were due from five (5) (2016: 5) customers. At the end of each reporting period, the Company does not have significant concentration of credit risk other than amounts owing by subsidiaries of RM42,667,915 (2016: RM50,118,258), which contributes 92% (2016: 93%) of total receivables of the Company. (g) The currency exposure profiles of loans and receivables are as follows: Group Company 2017 2016 2017 2016 RM RM RM RM Ringgit Malaysia 46,424,970 32,963,549 23,733,121 38,373,492 Philippines Peso (“PHP”) 13,125,776 13,183,462 - - Thai Baht (“THB”) 6,481,021 3,551,436 5,380,250 291,250 Australian Dollar (“AUD”) 460,855 73,005 265,365 302,133 United States Dollar (“USD”) - 1,231 16,311,263 14,013,960 66,492,622 49,772,683 45,689,999 52,980,835