NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 25. BORROWINGS (Cont’d) (l) The maturity of profile of borrowings at the end of the reporting period based on contractual undiscounted repayment obligations is summarised in the table below: (Cont’d) On demand or within one year One to five years Over five years Total RM RM RM RM Company As at 31 December 2023 Borrowings/Total undiscounted financial liabilities 25,299,400* 2,623,365 - 27,922,765 As at 31 December 2022 Borrowings/Total undiscounted financial liabilities 1,843,545 4,454,872 - 6,298,417 * Includes the maximum exposure of the liquidity risk for financial guarantee contracts of RM10,300,040. (m) Reconciliation of liabilities arising from financing activities The table below details changes in the Group’s and the Company’s borrowings arising from financing activities, including both cash and non-cash changes. Borrowings arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the statements of cash flows of the Group and of the Company as cash flows from financing activities. Group Company 2023 2022 2023 2022 RM RM RM RM Balance as at 1 January 16,780,506 52,389,494 5,842,938 37,417,392 Cash flows 21,846,399 (35,611,780) 11,382,984 (31,574,454) Non-cash flows: - Effect of foreign exchange 279,285 2,792 - - Balance as at 31 December 38,906,190 16,780,506 17,225,922 5,842,938 150 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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