Excel Force MSC Berhad Annual Report 2016

Notice of Annual General Meeting 2 Financial Highlights 5 Corporate Information 7 Management Discussion and Analysis 8 Directors’ Profile 11 Key Senior Management Profile 15 Statement of Corporate Governance 17 Corporate Social Responsibility (CSR) 27 Audit Committee Report 29 Statement on Risk Management and Internal Control 32 Additional Compliance Information 35 Financial Statements Directors’ Report 36 Statement by Directors 41 Statutory Declaration 41 Independent Auditors’ Report 42 Statements of Financial Position 46 Statements of Profit or Loss and Other Comprehensive Income 48 Statements of Changes in Equity 50 Statements of Cash Flows 52 Notes to the Financial Statements 54 List of Properties 114 Analysis of Shareholdings 115 Analysis of Warrantholdings 117 Proxy Form Our Mission To optimise our resources to focus on expansion and growth. To be in the forefront of promoting the latest technology. CONTENTS