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 ) 84 Group Company 2019 2018 2019 2018 Note RM RM RM RM LIABILITIES Non-current liabilities Borrowings 25 19,623,774 16,823,293 - 160,458 Lease liabilities 13 8,401,879 - 143,211 - Other payable 27 - 14,950,941 - - Employee benefits obligations 28 1,395,720 1,134,164 - - Deferred tax liabilities 18 4,895,576 4,156,491 145,057 54,779 34,316,949 37,064,889 288,268 215,237 Current liabilities Borrowings 25 6,580,445 17,844,568 - 69,523 Lease liabilities 13 6,907,021 - 127,054 - Contract liabilities 29 4,104,741 1,536,233 374,692 422,773 Trade and other payables 27 159,754,954 169,802,808 8,369,862 6,452,748 Current tax liabilities 2,694,148 4,473,335 - - 180,041,309 193,656,944 8,871,608 6,945,044 TOTAL LIABILITIES 214,358,258 230,721,833 9,159,876 7,160,281 TOTAL EQUITY AND LIABILITIES 663,221,233 637,116,648 209,270,623 182,825,396 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 CONT’D The accompanying notes form an integral part of the financial statements.