NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 25. BORROWINGS (Cont’d) (g) At the end of the reporting period, the interest rate profile of the borrowings are as follows: Group Company 2023 2022 2023 2022 RM RM RM RM Floating rates 38,906,190 16,780,506 17,225,922 5,842,938 The following table demonstrates the sensitivity analysis of the Group and of the Company if interest rates at the end of each reporting period changed by hundred (100) basis points with all other variables held constant: Group Company 2023 2022 2023 2022 RM RM RM RM Effects of profit after taxation 100 basis point higher 295,687 127,532 130,917 44,406 100 basis point lower (295,687) (127,532) (130,917) (44,406) (h) The currency exposure profile of borrowings are as follows: Group Company 2023 2022 2023 2022 RM RM RM RM Ringgit Malaysia (“RM”) 27,490,690 16,722,690 17,225,922 5,842,938 Philippines Peso (“PHP”) - 57,816 - - Thai Baht (“THB”) 11,415,500 - - - 38,906,190 16,780,506 17,225,922 5,842,938 (i) The following table demonstrates the sensitivity analysis of the Group to a reasonably possible change in the foreign exchange rates against the respective functional currencies of the Group entities, with all other variables held constant: Group 2023 2022 RM RM Profit after taxation/Retained earnings PHP/RM - strengthen by 10% (2022: 10%) - (4,394) PHP/RM - weaken by 10% (2022: 10%) - 4,394 THB/RM - strengthen by 10% (2022: 10%) (867,578) - THB/RM - weaken by 10% (2022: 10%) 867,578 - 148 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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