GHL System Berhad Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 6. PROFIT BEFORE TAXATION Other than those disclosed elsewhere in the financial statements, the profit before taxation is arrived at: Group Company 2023 2022 2023 2022 RM RM RM RM After charging: Auditors’ remuneration - statutory audit - BDO 548,923 502,309 128,500 123,500 - Other auditors 44,022 43,509 - - - non-audit services - BDO 30,138 36,692 6,550 11,550 - Other auditors - - - - Bad debts written off 398,260 118,678 13,542 - Interest expense on: - lease liabilities 214,128 225,299 6,710 9,083 - term loans 789,268 836,167 227,787 239,944 - bankers’ acceptance 7,825 12,945 - - - revolving credit 898,323 303,770 898,323 296,126 Bank fees 81,905 202,645 - - Loss on foreign exchange: - realised 587,323 787,408 - - Loss on disposals of: - property, plant and equipment - 896,170 - - Fair value loss on financial guarantee contracts - - 145,440 - Fair value loss on other investments 18,500 301,153 - 281,876 Loss on reassessment of right-of-use assets 18,874 - - - And crediting: Dividend income from subsidiaries - - 19,000,000 38,000,000 Gain on disposals of: - property, plant and equipment 3,099,914 - 192 1,032 - an associate - 1,468,950 - - Gain on derecognition of right-of-use assets upon early settlement - 3,603 - - Gain on lease termination 873 33,958 - - Gain on foreign exchange: - realised - - 5,122 106,540 - unrealised 122,655 8,436 78,141 16,145 Interest income from: - deposits with licensed banks 1,442,294 911,714 113,981 71,129 - advances to subsidiaries - - 3,256,142 783,470 - other investments 208,039 1,269,412 153,331 1,146,199 97 ANNUAL REPORT 2023

RkJQdWJsaXNoZXIy NDgzMzc=