133 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 CONT’D 22. CASH AND BANK BALANCES (Cont’d) (f) The following table demonstrates the sensitivity analysis of the Group and of the Company to a reasonably possible change in the PHP, USD, THB, AUD, SGD, IDR and HKD exchange rates against the respective functional currencies of the Group entities, with all other variables held constant: Group Company 2022 2021 2022 2021 RM RM RM RM Profit after taxation PHP/RM - strengthen by 10% (2021: 10%) 3,782,035 2,945,710 - - PHP/RM - weaken by 10% (2021: 10%) (3,782,035) (2,945,710) - - USD/RM - strengthen by 10% (2021: 10%) 427,912 220,123 150,061 12,632 USD/RM - weaken by 10% (2021: 10%) (427,912) (220,123) (150,061) (12,632) THB/RM - strengthen by 10% (2021: 10%) 932,407 626,532 1,933 1,895 THB/RM - weaken by 10% (2021: 10%) (932,407) (626,532) (1,933) (1,895) AUD/RM - strengthen by 10% (2021: 10%) 154,870 182,980 - - AUD/RM - weaken by 10% (2021: 10%) (154,870) (182,980) - - SGD/RM - strengthen by 10% (2021: 10%) 15,019 22,014 - - SGD/RM - weaken by 10% (2021: 10%) (15,019) (22,014) - - IDR/RM - strengthen by 10% (2021: 10%) 11,783 7,817 - - IDR/RM - weaken by 10% (2021: 10%) (11,783) (7,817) - - HKD/RM - strengthen by 10% (2021: 10%) 1,331 13,436 - - HKD/RM - weaken by 10% (2021: 10%) (1,331) (13,436) - - (g) No expected credit losses were recognised arising from the cash and bank balances and deposits with financial institutions because the probability of default by these financial institutions were negligible.
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