141 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 CONT’D 26. TRADE AND OTHER PAYABLES Group Company 2022 2021 2022 2021 RM RM RM RM Trade payables Third parties 79,093,100 60,481,037 - - Subsidiaries - - 79,949 - Associate - 8,546 - - 79,093,100 60,489,583 79,949 - Other payables Third parties 121,297,918 99,206,283 562,597 556,985 Amounts owing to subsidiaries - - - 219,349 Deposits 9,907,443 10,079,764 601,879 601,879 Accruals 18,596,106 13,745,143 2,270,709 1,228,044 149,801,467 123,031,190 3,435,185 2,606,257 Total trade and other payables 228,894,567 183,520,773 3,515,134 2,606,257 (a) Trade and other payables are classified as financial liabilities and measured at amortised cost. (b) Trade payables are non-interest bearing and the normal trade credit terms granted to the Group and the Company range from 1 to 90 days and 30 to 60 days (2021: 1 to 90 days and 30 to 60 days) respectively. (c) Other payables of the Group consist prepayments received from retailers, merchants payables and general administrative expenses payable which are non-interest bearing. (d) In the previous financial year, non-trade amounts owing to subsidiaries represented payments on behalf which were unsecured, interest-free and payable in cash and cash equivalents within next twelve (12) months. (e) 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. (f) The currency exposure profiles of trade and other payables are as follows: Group Company 2022 2021 2022 2021 RM RM RM RM Ringgit Malaysia (“RM”) 208,465,392 159,207,164 3,497,127 2,603,133 Philippines Peso (“PHP”) 4,608,943 9,254,331 - - Thai Baht (“THB”) 7,072,880 3,423,140 - - Australian Dollar (“AUD”) 66,219 - - - Indonesian Rupiah (“IDR”) 584,186 263,201 - - United States Dollar (“USD”) 8,089,047 11,367,266 18,007 3,124 Singapore Dollar (“SGD”) 7,900 5,671 - - 228,894,567 183,520,773 3,515,134 2,606,257
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