GHL System Berhad Annual Report 2017

ANNUAL REPORT 2017 119 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 23. BORROWINGS (cont’d) (l) The maturity of profile of borrowings at the end of the reporting period based on contractual undiscounted repayment obligations is summarised in the table below: On demand or within one year One to five years Over five years Total RM RM RM RM Group As at 31 December 2017 Borrowings/Total undiscounted financial liabilities 17,101,453 16,971,239 378,053 34,450,745 As at 31 December 2016 Borrowings/Total undiscounted financial liabilities 20,665,615 17,753,194 7,150 38,425,959 Company As at 31 December 2017 Borrowings/Total undiscounted financial liabilities 77,280 244,720 - 322,000 As at 31 December 2016 Borrowings/Total undiscounted financial liabilities 100,774 3,730 - 104,504 (m) Reconciliation of liabilities arising from financing activities The table below details changes in the Group and Company’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the statements of cash flows of the Group and of the Company as cash flows from financing activities. Group Company 2017 2016 2017 2016 RM RM RM RM At 1 January 2017 38,123,724 46,512,803 102,369 214,901 Cash flows (3,722,759) (8,491,954) (155,730) (112,532) Non-cash flows: Effect of foreign exchange (564,726) (343,625) - - Other changes: Purchase of property, plant and equipment 350,000 446,500 350,000 - At 31 December 2017 34,186,239 38,123,724 296,639 102,369