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
81
15. SHARE CAPITAL (cont’d)
(b) Warrants (cont’d)
As at 31 December 2014, unexercised warrants of the Company are as follows:
Date granted
Exercise price
No. of warrants over
Warrant
ordinary shares
expiry date
18 July 2014
RM 0.68
103,384,031
17 July 2019
16. RESERVES
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Distributable:
Retained earnings
21,914,272
18,455,315
22,032,166
18,821,330
The Company is under the single tier system and as a result, there are no longer any restrictions on the
Company to frank the payment of dividends out of its retained earnings as at the end of the reporting
period.
17. BORROWINGS
Group and Company
2014
2013
Note
RM
RM
Current liabilities
Term loan (secured)
18
981,108
-
Hire purchase and finance lease liabilities
19
51,362
435,601
1,032,470
435,601
Non-current liabilities
Term loan (secured)
18
6,202,218
-
Hire purchase and finance lease liabilities
19
-
51,362
6,202,218
51,362
7,234,688
486,963
Total borrowings
Term loan (secured)
7,183,326
-
Hire purchase and finance lease liabilities
51,362
486,963
7,234,688
486,963
