Excel Force MSC Berhad Annual Report 2015

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 5 41 STATEMENTS OF FINANCIAL POSITION as at 31 December 2015 Group Company 2015 2014 2015 2014 Note RM RM RM RM ASSETS Non-current assets Property, plant and equipment 7 17,256,525 18,356,658 17,029,506 18,070,397 Product development costs 8 10,025,948 8,551,844 7,250,479 6,111,563 Goodwill on consolidation 9 32,528 32,528 - - Investments in subsidiaries 11 - - 436,000 436,000 Trade and other receivables 13 - - 1,798,436 2,089,254 Total non-current assets 27,315,001 26,941,030 26,514,421 26,707,214 Current assets Inventories 12 79,497 64,587 79,497 64,587 Trade and other receivables 13 7,911,580 6,980,502 8,053,756 6,950,566 Cash and bank balances and short term funds 14 19,701,826 20,547,111 18,583,193 19,555,739 Total current assets 27,692,903 27,592,200 26,716,446 26,570,892 TOTAL ASSETS 55,007,904 54,533,230 53,230,867 53,278,106 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 23,263,333 21,914,272 23,356,211 22,032,166 43,940,143 42,591,082 44,033,021 42,708,976 Non-controlling interests 506,347 490,646 - - TOTAL EQUITY 44,446,490 43,081,728 44,033,021 42,708,976 Non-current liabilities Borrowings 17 5,221,110 6,202,218 5,221,110 6,202,218 Deferred tax liabilities 21 76,671 346,047 76,671 305,009 Total non-current liabilities 5,297,781 6,548,265 5,297,781 6,507,227 Current liabilities Trade and other payables 20 3,577,383 3,402,578 2,213,815 2,581,140 Borrowings 17 981,108 1,032,470 981,108 1,032,470 Current tax liabilities 705,142 468,189 705,142 448,293 Total current liabilities 5,263,633 4,903,237 3,900,065 4,061,903 TOTAL LIABILITIES 10,561,414 11,451,502 9,197,846 10,569,130 TOTAL EQUITY AND LIABILITIES 55,007,904 54,533,230 53,230,867 53,278,106 The accompanying notes form an integral part of the financial statements.