GHL System Berhad Annual Report 2020

79 a n n u a l r e p o r t 2 0 2 0 Group Company 2020 2019 2020 2019 Note RM RM RM RM LIABILITIES Non-current liabilities Borrowings 25 13,901,077 19,623,774 - - Lease liabilities 13 2,900,667 8,401,879 295,823 143,211 Contract liabilities 29 328,409 - - - Employee benefits obligations 28 2,233,582 1,395,720 - - Deferred tax liabilities 18 4,478,823 4,895,576 64,016 145,057 23,842,558 34,316,949 359,839 288,268 Current liabilities Borrowings 25 8,273,777 6,580,445 - - Lease liabilities 13 6,160,545 6,907,021 105,710 127,054 Contract liabilities 29 4,542,955 4,104,741 752,779 374,692 Trade and other payables 26 159,535,881 159,754,954 3,325,724 8,369,862 Current tax liabilities 2,193,996 2,694,148 - - Derivatives 27 - - - - 180,707,154 180,041,309 4,184,213 8,871,608 TOTAL LIABILITIES 204,549,712 214,358,258 4,544,052 9,159,876 TOTAL EQUITY AND LIABILITIES 686,490,949 663,221,233 237,379,660 209,270,623 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 CONT’D The accompanying notes form an integral part of the financial statements.