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 ) 98 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 6. PROFIT BEFORE TAX Other than those disclosed elsewhere in the financial statements, the profit before tax is arrived at: Group Company 2019 2018 2019 2018 RM RM RM RM After charging: Auditors’ remuneration - statutory audit 495,760 477,940 112,270 109,000 - non-audit services 28,970 146,655 20,970 136,655 Bad debts written off 574,845 1,368,698 426,343 - Interest expense on: - hire purchase creditors - 199,306 - 10,621 - lease liabilities 1,180,222 - 12,801 - - term loans 1,224,195 1,258,392 - - - bankers’ acceptance 204,047 259,080 - - - bank charges 128,582 - - - - bank overdraft 148 354 - - - bank commitment fees 14,981 18,210 - - - bank guarantee charges 157,306 197,479 - - - employee benefits obligations 66,894 53,649 - - - bankers’ acceptance charged by a subsidiary - - - 34,768 Loss on foreign exchange: - realised 273,382 351,823 - 87,490 - unrealised 148,939 29,833 7,602 - Loss on disposal of property, plant and equipment - 157,844 - - Rental of premises - 1,512,431 - 44,200 Rental of office equipment - 7,493 - - And crediting: Dividend income from a - subsidiary - - 12,000,000 12,000,000 Gain on disposal of property, plant and equipment 94,029 - - 347 Gain on disposal of other investments 2,163,252 - 2,152,834 - Gain on foreign exchange: - realised 479,072 195,670 201,394 - - unrealised 204,751 515,301 - 505,318 Interest income from: - deposits with licensed banks 1,578,373 1,579,801 58,062 149,023 - other investments 1,715,669 1,099,101 1,475,495 1,096,379
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