GHL System Berhad Annual Report 2019

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 146 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 22. CASH AND BANK BALANCES (cont’d) (e) 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 2019 2018 2019 2018 RM RM RM RM Ringgit Malaysia (“RM”) 103,192,443 76,766,844 1,710,247 304,582 Philippines Peso (“PHP”) 16,004,258 4,839,144 - - United States Dollar (“USD”) 5,673,259 11,826,412 1,391,050 9,469,295 Thai Baht (“THB”) 11,948,233 7,916,079 27,368 25,380 Australian Dollar (“AUD”) 1,357,932 538,649 - - Singapore Dollar (“SGD”) 397,228 381,292 - - Indonesian Rupiah (“IDR”) 40,540 40,662 - - Hong Kong Dollar (“HKD”) 13,167 2 - - 138,627,060 102,309,084 3,128,665 9,799,257 (f) 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, IDR and HKD exchange rates against the respective functional currencies of the Group entities, with all other variables held constant: Group Company 2019 2018 2019 2018 RM RM RM RM Profit after tax PHP/RM - strengthen by 10% (2018: 10%) 1,216,324 367,775 - - PHP/RM - weaken by 10% (2018: 10%) (1,216,324) (367,775) - - USD/RM - strengthen by 10% (2018: 10%) 431,168 898,807 105,720 719,666 USD/RM - weaken by 10% (2018: 10%) (431,168) (898,807) (105,720) (719,666) THB/RM - strengthen by 10% (2018: 10%) 908,066 601,622 2,080 1,929 THB/RM - weaken by 10% (2018: 10%) (908,066) (601,622) (2,080) (1,929) AUD/RM - strengthen by 10% (2018: 10%) 103,203 40,937 - - AUD/RM - weaken by 10% (2018: 10%) (103,203) (40,937) - - SGD/RM - strengthen by 10% (2018: 10%) 30,189 28,978 - - SGD/RM - weaken by 10% (2018: 10%) (30,189) (28,978) - - IDR/RM - strengthen by 10% (2018: 10%) 3,081 3,090 - - IDR/RM - weaken by 10% (2018: 10%) (3,081) (3,090) - - HKD/RM - strengthen by 10% (2018: 10%) 1,001 - - - HKD/RM - weaken by 10% (2018: 10%) (1,001) - - -