Share capital Accumulated losses Total equity Company Note RM RM RM Balance as at 1 January 2022 351,485,304 (98,205,185) 253,280,119 Profit for the financial year - 37,321,192 37,321,192 Other comprehensive income, net of tax - - - Total comprehensive income - 37,321,192 37,321,192 Transaction with owners: Dividend paid 11 - (28,537,487) (28,537,487) Total transaction with owners - (28,537,487) (28,537,487) Balance as at 31 December 2022/1 January 2023, as previously reported 351,485,304 (89,421,480) 262,063,824 Adjustment due to retrospective application of MFRS 17 (financial guarantee contracts) - (448,012) (448,012) Restated balance as at 31 December 2022/ 1 January 2023 351,485,304 (89,869,492) 261,615,812 Profit for the financial year - 22,977,518 22,977,518 Other comprehensive income, net of tax - - - Total comprehensive income - 22,977,518 22,977,518 Balance as at 31 December 2023 351,485,304 (66,891,974) 284,593,330 STATEMENTS OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 CONT’D The accompanying notes form an integral part of the financial statements. 86 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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