74 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 Group Company 2022 2021 2022 2021 Note RM RM RM RM LIABILITIES Non-current liabilities Borrowings 25 9,415,578 15,392,758 4,221,309 5,832,407 Lease liabilities 13 2,654,196 3,299,551 151,633 219,782 Contract liabilities 29 14,047 - - - Employee benefits obligations 28 1,412,239 2,233,582 - - Deferred tax liabilities 18 7,885,808 6,900,796 92,910 107,206 21,381,868 27,826,687 4,465,852 6,159,395 Current liabilities Borrowings 25 7,364,928 36,996,736 1,621,629 31,584,985 Lease liabilities 13 1,221,888 2,621,823 88,491 76,041 Contract liabilities 29 5,135,829 5,001,202 513,719 575,819 Trade and other payables 26 228,894,567 183,520,773 3,515,134 2,606,257 Current tax liabilities 3,259,229 5,312,335 - - Derivatives 27 - - - - 245,876,441 233,452,869 5,738,973 34,843,102 TOTAL LIABILITIES 267,258,309 261,279,556 10,204,825 41,002,497 TOTAL EQUITY AND LIABILITIES 779,084,833 770,319,725 272,268,649 294,282,616 The accompanying notes form an integral part of the financial statements. STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2022 CONT’D
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