E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 4
40
STATEMENTS OF FINANCIAL POSITION
as at 31 December 2014
Group
Company
2014
2013
2014
2013
Note
RM
RM
RM
RM
ASSETS
Non-current assets
Property, plant and equipment
7
18,356,658
7,293,598
18,070,397
7,179,471
Product development costs
8
8,551,844
7,424,469
6,111,563
5,548,766
Goodwill on consolidation
9
32,528
-
-
-
Investments in subsidiaries
11
-
-
436,000
130,000
Trade and other receivables
13
-
-
2,089,254
2,180,070
Total non-current assets
26,941,030
14,718,067
26,707,214
15,038,307
Current assets
Inventories
12
64,587
51,172
64,587
51,172
Trade and other receivables
13
6,980,502
4,754,379
6,950,566
4,566,776
Cash and bank balances
14
20,547,111
24,043,839
19,555,739
23,867,806
Total current assets
27,592,200
28,849,390
26,570,892
28,485,754
TOTAL ASSETS
54,533,230
43,567,457
53,278,106
43,524,061
EQUITY AND LIABILITIES
Equity attributable to owners
of the parent
Share capital
15
20,676,810
20,676,810
20,676,810
20,676,810
Reserves
16
21,914,272
18,455,315
22,032,166
18,821,330
42,591,082
39,132,125
42,708,976
39,498,140
Non-controlling interests
490,646
12,045
-
-
TOTAL EQUITY
43,081,728
39,144,170
42,708,976
39,498,140
Non-current liabilities
Borrowings
17
6,202,218
51,362
6,202,218
51,362
Deferred tax liabilities
21
346,047
880,128
305,009
880,128
Total non-current liabilities
6,548,265
931,490
6,507,227
931,490
Current liabilities
Trade and other payables
20
3,402,578
2,617,599
2,581,140
2,220,233
Borrowings
17
1,032,470
435,601
1,032,470
435,601
Current tax liabilities
468,189
438,597
448,293
438,597
Total current liabilities
4,903,237
3,491,797
4,061,903
3,094,431
TOTAL LIABILITIES
11,451,502
4,423,287
10,569,130
4,025,921
TOTAL EQUITY AND LIABILITIES
54,533,230
43,567,457
53,278,106
43,524,061
The accompanying notes form an integral part of the financial statements.
