GHL System Berhad Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 20. TRADE AND OTHER RECEIVABLES (Cont’d) (p) The reconciliation of movement in the impairment losses are as follows: Group Company 2023 2022 2023 2022 RM RM RM RM Trade receivables Balance as at 1 January 11,566,078 9,659,388 1,557,428 1,711,657 Charge for the financial year 7,514,896 3,971,935 - - Reversal of impairment losses (6,500,852) (1,706,079) (15,960) (653) Written off (57,533) (278,964) - (153,576) Exchange differences 127,849 (80,202) - - Balance as at 31 December 12,650,438 11,566,078 1,541,468 1,557,428 Lifetime ECL 12-month ECL Credit impaired Total RM RM RM Other receivables Group Balance as at 1 January 2023 271,770 442,398 714,168 Charge for the financial year 389,496 - 389,496 Reversal of impairment losses (218,670) - (218,670) Written off - (442,398) (442,398) Exchange differences 100 - 100 Balance as at 31 December 2023 442,696 - 442,696 Balance as at 1 January 2022 836,600 442,398 1,278,998 Reversal of impairment losses (564,830) - (564,830) Balance as at 31 December 2022 271,770 442,398 714,168 Lifetime ECL - Not credit impaired 2023 2022 RM RM Other receivables Company Balance as at 1 January 2022 8,403,891 8,788,014 Reversal of impairment losses - (98,490) Reclassification to equity loan - (285,633) Balance as at 31 December 2022 8,403,891 8,403,891 138 GHL SYSTEMS BERHAD 199401007361 (293040-D)

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