Excel Force MSC Berhad Annual Report 2015

NOTES TO THE FINANCIAL STATEMENTS 31 December 2015 (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 5 73 7. PROPERTY, PLANT AND EQUIPMENT (continued) Group Company 2015 2014 2015 2014 Carrying amount RM RM RM RM Buildings 12,228,633 12,484,244 12,228,633 12,484,244 Freehold land 382,284 382,284 382,284 382,284 Long term leasehold land 1,960,521 1,996,771 1,960,521 1,996,771 Furniture and fittings 255,898 289,064 247,917 277,850 Motor vehicles 245,356 411,587 245,356 411,587 Computers and software 1,499,593 1,916,139 1,289,804 1,654,178 Office equipment 118,202 147,279 108,953 134,193 Renovation 566,038 729,290 566,038 729,290 17,256,525 18,356,658 17,029,506 18,070,397 (a) During the financial year, the Group and the Company made the following cash payments to purchase property, plant and equipment: Group Company 2015 2014 2015 2014 RM RM RM RM Purchase of property, plant and equipment 431,952 16,260,024 399,478 16,232,812 Financed by term loan - (8,000,000) - (8,000,000) Cash payments on purchase of property, plant and equipment 431,952 8,260,024 399,478 8,232,812 (b) As of 31 December 2015, 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 2015 2014 RM RM Computer and software 114,090 199,649 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 2015, the long term leasehold land and a building of the Group and of the Company with a total carrying amount of RM13,952,504 (2014: 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.