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 78 11. INVESTMENTS IN SUBSIDIARIES (continued) (d) The summarised financial information before intra-group elimination of the subsidiaries that have material NCI as at the end of each reporting period are as follows: Capital Market Winvest 2015 Insage (MSC) Sdn. Bhd. Risk Advisor Sdn. Bhd. Global Sdn. Bhd. RM RM RM Assets and liabilities Non-current assets 2,018,145 847,080 137,263 Current assets 345,107 392,464 830,868 Non-current liabilities (1,798,436) - - Current liabilities (963,839) (529,583) (462,128) Net (liabilities)/assets (399,023) 709,961 506,003 Results Revenue 1,066,947 864,557 2,222,749 Profit/(loss) for the financial year 23,554 213,055 (195,892) Total comprehensive income/(loss) 23,554 213,055 (195,892) Cash flows from/(used in) operating activities 39,481 195,980 (87,952) Cash flows used in investing activities (5,061) (8,965) (6,222) Net increase/(decrease) in cash and cash equivalents 34,420 187,015 (94,174) 2014 Assets and liabilities Non-current assets 1,941,032 606,790 178,720 Current assets 284,158 117,298 1,032,460 Non-current liabilities (2,089,254) - (41,038) Current liabilities (558,513) (227,182) (468,247) Net (liabilities)/assets (422,577) 496,906 701,895 Results Revenue 962,067 449,839 624,200 Profit for the financial year 106,392 191,907 165,675 Total comprehensive income 106,392 191,907 165,675 Cash flows from operating activities 48,213 40,177 91,271 Cash flows used in investing activities (2,457) (23,555) (40,889) Cash flows (used in)/from financing activities (105,744) - 599,998 Net (decrease)/increase in cash and cash equivalents (59,988) 16,622 650,380