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
95
31. OPERATING SEGMENTS (cont’d)
Major customers
The following are major customers with revenue equal or more than ten (10) percent of Group revenue:
2014
2013
RM
RM Segment
Customer A
4,308,175
2,644,780 Application services provider division
Customer B
1,206,662
2,063,464 Application solutions division
Customer C
2,529,283
1,702,466 Application services provider division
Customer D
2,840,600
2,455,575 Application services provider division
10,884,720
8,866,285
32. FINANCIAL INSTRUMENTS
(a) Capital management
The primary objective of the Group’s capital management is to ensure that entities of the Group
would be able to continue as going concerns while maximising the return to shareholders through the
optimisation of the debt and equity ratio. The overall strategy of the Group remains unchanged from
that in the previous financial year.
The Group manages its capital structure and makes adjustments to it, in light of changes in economic
conditions. In order to maintain or adjust the capital structure, the Group may adjust the dividend
payment to shareholders, return capital to shareholders or issue new shares. No changes were made
in the objectives, policies or processes during the financial years ended 31 December 2014 and 31
December 2013.
The Group monitors capital using a gearing ratio, which is net debt divided by total capital plus net
debt. The Group includes within net debt, loans and borrowings, trade and other payables, less cash
and bank balances. Capital represents equity attributable to the owners of the parent.
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Borrowings
7,234,688
486,963
7,234,688
486,963
Trade and other payables
3,402,578
2,617,599
2,581,140
2,220,233
Total liabilities
10,637,266
3,104,562
9,815,828
2,707,196
Less: Cash and bank balances
(Note 14)
(20,547,111)
(24,043,839)
(19,555,739)
(23,867,806)
Net (asset)/debt
(9,909,845)
(20,939,277)
(9,739,911)
(21,160,610)
Total equity
43,081,728
39,144,170
42,708,976
39,498,140
Gearing ratio
*
*
*
*
* It is not applicable due to net asset position.
