154 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 CONT’D 26. TRADE AND OTHER PAYABLES (Cont’d) (f) Contingent consideration of the Group was categorised as Level 3 in the fair value hierarchy. Fair values of the contingent consideration were estimated based on the income approach. The following table shows a reconciliation of Level 3 fair values of contingent consideration: Group 2021 2020 RM RM Balance as at 1 January - 12,874,737 Fair value loss - 6,140,942 Issuance of shares during the financial year - (19,015,679) Balance as at 31 December - - (g) The maturity profile of trade and other payables of the Group and of the Company at the reporting date based on contractual undiscounted repayment obligations is repayable on demand or within one (1) year. (h) The currency exposure profiles of trade and other payables are as follows: Group Company 2021 2020 2021 2020 RM RM RM RM Ringgit Malaysia (“RM”) 159,207,164 136,898,685 2,603,133 3,293,789 Philippines Peso (“PHP”) 9,254,331 10,128,429 - - Thai Baht (“THB”) 3,423,140 8,317,917 - - Australian Dollar (“AUD”) - 108,445 - - Indonesian Rupiah (“IDR”) 263,201 578,641 - - United States Dollar (“USD”) 11,367,266 3,311,789 3,124 31,935 Singapore Dollar (“SGD”) 5,671 191,975 - - 183,520,773 159,535,881 2,606,257 3,325,724
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