Excel Force MSC Berhad Annual Report 2016

EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 75 Notes to the Financial Statements 31 December 2016 (cont’d) 7. PROPERTY, PLANT AND EQUIPMENT (cont’d) (a) As of 31 December 2016, 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 2016 2015 RM RM Computer and software - 114,090 (b) As at 31 December 2016, the long term leasehold land and a building of the Group and of the Company with a total carrying amount of RM13,666,855 (2015: RM13,952,504) 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. (c) The remaining tenure of the long term leasehold land is 54 years. 8. PRODUCT DEVELOPMENT COSTS Group Company 2016 2015 2016 2015 RM RM RM RM Cost At beginning of financial year 19,924,754 17,021,650 16,261,091 14,066,843 Additions during the financial year 2,475,843 2,903,104 2,023,770 2,194,248 Disposal of subsidiaries (Note 33) (1,086,554) - - - At end of financial year 21,314,043 19,924,754 18,284,861 16,261,091 Accumulated amortisation At beginning of financial year (9,898,806) (8,469,806) (9,010,612) (7,955,280) Charge for the financial year (1,773,670) (1,429,000) (1,352,853) (1,055,332) Disposal of subsidiaries (Note 33) 190,502 - - - At end of financial year (11,481,974) (9,898,806) (10,363,465) (9,010,612) Carrying amount 9,832,069 10,025,948 7,921,396 7,250,479