73 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 Group Company 2022 2021 2022 2021 Note RM RM RM RM ASSETS Non-current assets Property, plant and equipment 12 90,838,250 98,115,113 11,183,892 11,258,543 Intangible assets 14 639,395 904,066 83,797 110,044 Goodwill 15 168,638,985 168,638,985 - - Investments in subsidiaries 16 - - 157,183,821 157,361,962 Investments in joint ventures and an associate 17 - 28,746 - - Trade and other receivables 20 10,346,121 3,360,480 - - Other investments 21 26,750 26,750 - - Deferred tax assets 18 2,100,405 2,220,044 - - 272,589,906 273,294,184 168,451,510 168,730,549 Current assets Inventories 19 89,990,072 64,047,810 - - Trade and other receivables 20 255,652,048 143,896,440 84,494,858 24,179,484 Current tax assets 2,686,110 7,390,509 47,628 81,746 Other investments 21 14,900,727 101,578,702 9,951,410 96,733,322 Cash and bank balances 22 143,265,970 180,112,080 9,323,243 4,557,515 506,494,927 497,025,541 103,817,139 125,552,067 TOTAL ASSETS 779,084,833 770,319,725 272,268,649 294,282,616 EQUITY AND LIABILITIES Equity attributable to owners of the parent Share capital 23 351,485,304 351,485,304 351,485,304 351,485,304 Reserves 24 (556,665) (3,555,547) - - Retained earnings/(Accumulated losses) 160,710,018 160,942,434 (89,421,480) (98,205,185) 511,638,657 508,872,191 262,063,824 253,280,119 Non-controlling interests 187,867 167,978 - - TOTAL EQUITY 511,826,524 509,040,169 262,063,824 253,280,119 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2022
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