GHL System Berhad Annual Report 2017

GHL SYSTEMS BERHAD 108 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 20. CASH AND BANK BALANCES (cont’d) (a) At the end of the reporting period, cash and bank balances denominated in foreign currencies which are held for working capital purposes is as follows: Group Company 2017 2016 2017 2016 RM RM RM RM Ringgit Malaysia 80,063,213 69,009,683 2,658,880 8,026,326 Philippines Peso (“PHP”) 5,590,720 5,763,268 - - United States Dollar (“USD”) 13,454,970 3,941,858 12,620,549 58,167 Thai Baht (“THB”) 6,492,708 3,413,893 - - Australian Dollar (“AUD”) 1,413,371 1,359,576 806,188 825,905 Singapore Dollar (“SGD”) 374,396 372,617 - - Indonesian Rupiah (“IDR”) 110,567 2,959 - - 107,499,945 83,863,854 16,085,617 8,910,398 (b) The following table demonstrates the sensitivity analysis of the Group and of the Company to a reasonably possible change in the PHP, USD, THB, AUD, SGD and IDR exchange rates against the respective functional currencies of the Group entities, with all other variables held constant: Group Company 2017 2016 2017 2016 RM RM RM RM Profit after tax PHP/RM - strengthen by 10% (2016: 10%) 424,895 438,009 - - PHP/RM - weaken by 10% (2016: 10%) (424,895) (438,009) - - USD/RM - strengthen by 10% (2016: 10%) 1,022,578 299,581 959,162 4,421 USD/RM - weaken by 10% (2016: 10%) (1,022,578) (299,581) (959,162) (4,421) THB/RM - strengthen by 10% (2016: 10%) 493,446 259,456 - - THB/RM - weaken by 10% (2016: 10%) (493,446) (259,456) - - AUD/RM - strengthen by 10% (2016: 10%) 107,416 103,228 61,270 62,769 AUD/RM - weaken by 10% (2016: 10%) (107,416) (103,228) (61,270) (62,769) SGD/RM - strengthen by 10% (2016: 10%) 28,454 28,319 - - SGD/RM - weaken by 10% (2016: 10%) (28,454) (28,319) - - IDR/RM - strengthen by 10% (2016: 10%) 8,403 225 - - IDR/RM - weaken by 10% (2016: 10%) (8,403) (225) - - (c) The weighted average effective interest rate of deposits with licensed banks of the Group is 3.10% (2016: 2.49%) per annum. The average maturity days are 123 days (2016: 104 days) per annum.