GHL System Berhad Annual Report 2018

G H L S y s t e m S B e r h a d ( 2 9 3 0 4 0 - D ) 120 NOT ES TO THE F I NANC I A L STAT EMENTS 3 1 D e c e m b e r 2 0 1 8 C O N T ’ D 21. TRADE AND OTHER RECEIVABLES (cont’d) (l) 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 (cont’d): At the end of each reporting period, approximately eighty-five percent (85%) (2017: 26%) of the trade receivables of the Group were due from five (5) (2017: 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 RM25,413,369 (2017: RM42,667,915), which contributes 88% (2017: 92%) of total receivables of the Company. (m) The currency exposure profiles of total receivables are as follows: Group Company 2018 2017 2018 2017 RM RM RM RM Ringgit Malaysia (“RM”) 101,875,499 46,424,970 18,946,441 23,733,121 Philippines Peso (“PHP”) 16,560,365 13,125,776 - - Thai Baht (“THB”) 15,538,408 6,481,021 - 5,380,250 Australian Dollar (“AUD”) 333,002 460,855 - 265,365 United States Dollar (“USD”) 827 - 9,941,152 16,311,263 Indonesian Rupiah (“IDR”) 29,419 - - - 134,337,520 66,492,622 28,887,593 45,689,999 (n) The following table demonstrates the sensitivity analysis of the Group and of the Company to a reasonably possible change in the PHP, THB, AUD, USD and IDR exchange rates against the respective functional currencies of the Group entities, with all other variables held constant: Group Company 2018 2017 2018 2017 RM RM RM RM Profit after tax PHP/RM - strengthen by 10% (2017: 10%) 1,258,588 997,559 - - PHP/RM - weaken by 10% (2017: 10%) (1,258,588) (997,559) - - THB/RM - strengthen by 10% (2017: 10%) 1,180,919 492,558 - 408,899 THB/RM - weaken by 10% (2017: 10%) (1,180,919) (492,558) - (408,899) AUD/RM - strengthen by 10% (2017: 10%) 25,308 35,025 - 20,168 AUD/RM - weaken by 10% (2017: 10%) (25,308) (35,025) - (20,168) USD/RM - strengthen by 10% (2017: 10%) 63 - 755,528 1,239,656 USD/RM - weaken by 10% (2017: 10%) (63) - (755,528) (1,239,656) IDR/RM - strengthen by 10% (2017: 10%) 2,236 - - - IDR/RM - weaken by 10% (2017: 10%) (2,236) - - -