GHL System Berhad Annual Report 2020

142 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 20. TRADE AND OTHER RECEIVABLES (cont’d) (o) 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: 2020 2019 RM % of total RM % of total By country Malaysia 38,295,340 83 41,557,129 75 Philippines 1,489,919 3 10,202,162 19 Thailand 5,181,280 11 2,303,923 4 Australia 603,951 2 323,646 1 Singapore 102 - 244 - Cambodia 4,000 1 288,928 1 45,574,592 100 54,676,032 100 At the end of each reporting period, approximately twenty-five percent (25%) (2019: 46%) of the trade receivables of the Group were due from 5 customers (2019: 10) 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 RM22,597,030 (2019: RM23,935,976), which contributes 93% (2019: 93%) of total receivables of the Company. (p) The currency exposure profiles of total receivables are as follows: Group Company 2020 2019 2020 2019 RM RM RM RM Ringgit Malaysia (“RM”) 116,351,994 84,349,199 11,298,365 12,311,928 Philippines Peso (“PHP”) 10,506,700 16,913,581 - - Thai Baht (“THB”) 7,738,149 4,279,358 - - Australian Dollar (“AUD”) 605,336 323,852 240,288 272,345 United States Dollar (“USD”) 33,731 1,192,538 11,640,604 11,855,173 Indonesian Rupiah (“IDR”) 91,751 101,281 - - Singapore Dollar (“SGD”) 669 166,050 - - 135,328,330 107,325,859 23,179,257 24,439,446