129 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 CONT’D 20. TRADE AND OTHER RECEIVABLES (Cont’d) (q) The Group determines concentration of credit risk by monitoring the country profiles of its trade receivables on an ongoing basis. The credit risk concentration profile of the trade receivables of the Group at the end of each reporting period are as follows: Group 2022 2021 RM % of total RM % of total By country Malaysia 104,806,076 92 55,622,048 86 Philippines 4,606,748 4 5,043,069 8 Thailand 3,395,895 3 3,099,090 5 Australia 718,918 1 - - Singapore - - 58 - Cambodia 8,659 - 365,703 1 Indonesia 792 - 792 - United States 878 - 833 - 113,537,966 100 64,131,593 100 At the end of each reporting period, approximately twelve percent (12%) (2021: 34%) of the trade receivables of the Group were due from 5 customers (2021: 5) customers. At the end of each reporting period, the Company does not have significant concentration of credit risk other than amounts owing by subsidiaries of RM83,491,369 (2021: RM22,983,821), which contributes 100% (2021: 98%) of total receivables of the Company. (r) The currency exposure profiles of total receivables are as follows: Group Company 2022 2021 2022 2021 RM RM RM RM Ringgit Malaysia (“RM”) 240,173,362 126,494,625 82,257,949 22,193,409 Philippines Peso (“PHP”) 6,244,662 9,011,275 - - Thai Baht (“THB”) 5,379,519 5,960,134 - - Australian Dollar (“AUD”) 719,493 1,520 - - United States Dollar (“USD”) 5,162,783 366,536 1,469,256 1,244,575 Indonesian Rupiah (“IDR”) 792 792 - - Singapore Dollar (“SGD”) 122,417 298 - - 257,803,028 141,835,180 83,727,205 23,437,984
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