GHL System Berhad Annual Report 2020

128 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 ) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 CONT’D 16. INVESTMENTS IN SUBSIDIARIES (cont’d) (m) Impairment for advances to subsidiaries are recognised based on the general approach within MFRS 9 using the forward looking expected credit loss model as disclosed in Note 20 to the financial statements. Movements in the impairment allowance for advances to subsidiaries are as follows: 2020 12-month ECL Lifetime ECL - not credit impaired Lifetime ECL - credit impaired Total RM RM RM RM Company At 1 January 2020 - 1,323,761 - 1,323,761 Charge for the financial year - 20,021 - 20,021 At 31 December 2020 - 1,343,782 - 1,343,782 2019 12-month ECL Lifetime ECL - not credit impaired Lifetime ECL - credit impaired Total RM RM RM RM Company At 1 January 2019 - - - - Charge for the financial year - 1,323,761 - 1,323,761 At 31 December 2019 - 1,323,761 - 1,323,761 (n) The subsidiaries of the Group that have non-controlling interests (“NCI”) are as follows: Speed Pay Plc. Other individual immaterial subsidiaries Total RM RM RM 2020 NCI percentage of ownership and voting interest - Carrying amount of NCI - 183,588 183,588 (Loss)/Profit allocated to NCI (6,583,665) 51,723 (6,531,942) 2019 NCI percentage of ownership and voting interest 49% Carrying amount of NCI 6,306,021 106,983 6,413,004 (Loss)/Profit allocated to NCI (1,734,440) 28,990 (1,705,450)