GHL System Berhad Annual Report 2020

146 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 22. CASH AND BANK BALANCES (cont’d) (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 2020 2019 2020 2019 RM RM RM RM Profit after tax PHP/RM - strengthen by 10% (2019: 10%) 2,460,983 1,216,324 - - PHP/RM - weaken by 10% (2019: 10%) (2,460,983) (1,216,324) - - USD/RM - strengthen by 10% (2019: 10%) 321,916 431,168 74,116 105,720 USD/RM - weaken by 10% (2019: 10%) (321,916) (431,168) (74,116) (105,720) THB/RM - strengthen by 10% (2019: 10%) 942,269 908,066 2,039 2,080 THB/RM - weaken by 10% (2019: 10%) (942,269) (908,066) (2,039) (2,080) AUD/RM - strengthen by 10% (2019: 10%) 86,288 103,203 - - AUD/RM - weaken by 10% (2019: 10%) (86,288) (103,203) - - SGD/RM - strengthen by 10% (2019: 10%) 35,731 30,189 - - SGD/RM - weaken by 10% (2019: 10%) (35,731) (30,189) - - IDR/RM - strengthen by 10% (2019: 10%) 16,563 3,081 - - IDR/RM - weaken by 10% (2019: 10%) (16,563) (3,081) - - HKD/RM - strengthen by 10% (2019: 10%) 989 1,001 - - HKD/RM - weaken by 10% (2019: 10%) (989) (1,001) - - (g) No expected credit losses were recognised arising from the cash and bank balances and deposits with financial institutions because the probability of default by these financial institutions were negligible.