NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
(cont’d)
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
71
7.
PROPERTY, PLANT AND EQUIPMENT (cont’d)
(a) During the financial year, the Group and the Company made the following cash payments to
purchase property, plant and equipment:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Purchase of property, plant
and equipment
16,260,024
553,633
16,232,812
456,908
Financed by term loan
(8,000,000)
-
(8,000,000)
-
Cash payments on purchase of
property, plant and equipment
8,260,024
553,633
8,232,812
456,908
(b) As of 31 December 2014, the carrying amount of property, plant and equipment of the Group and of
the Company under hire purchase and finance leases are as follows:
Group and Company
2014
2013
RM
RM
Computer and software
199,649
801,676
Details on the hire purchase and finance leases of the Group and of the Company are disclosed in
Note 19 to the financial statements.
(c) As at 31 December 2014, the long term leasehold land and building of the Group and Company
with a total carrying amount of RM14,238,154 have been charged to a financial institution for credit
facilities granted to the Group and Company as disclosed in Note 18 to the financial statements.
8.
PRODUCT DEVELOPMENT COSTS
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Cost
At beginning of financial year
14,898,156
12,864,988
12,725,220
11,313,479
Additions during the financial year
2,574,798
2,033,168
1,792,927
1,411,741
Written off during the financial year
(451,304)
-
(451,304)
-
At end of financial year
17,021,650
14,898,156
14,066,843
12,725,220
Accumulated amortisation
At beginning of financial year
(7,473,687)
(6,503,807)
(7,176,454)
(6,365,512)
Charge for the financial year
(996,119)
(969,880)
(778,826)
(810,942)
At end of financial year
(8,469,806)
(7,473,687)
(7,955,280)
(7,176,454)
Carrying amount
8,551,844
7,424,469
6,111,563
5,548,766
