Excel Force MSC Berhad Annual Report 2016

EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 79 Notes to the Financial Statements 31 December 2016 (cont’d) 11. INVESTMENTS IN SUBSIDIARIES (cont’d) (c) The subsidiaries of the Group that have material non-controlling interests (‘NCI’) are as follows: Insage (MSC) Sdn. Bhd. 2016 NCI percentage of ownership interest and voting interest 40% Carrying amount of NCI (RM) (80,744) Profit allocated to NCI (RM) 1,633 Insage (MSC) Sdn. Bhd. Capital Market Risk Advisor Sdn. Bhd. Winvest Global Sdn. Bhd. Total 2015 NCI percentage of ownership interest and voting interest 40% 48% 49% Carrying amount of NCI (RM) (82,375) 340,780 247,942 506,347 Profit/(Loss) allocated to NCI (RM) 9,422 102,266 (95,987) 15,701 (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: 2016 Insage (MSC) Sdn. Bhd. RM Assets and liabilities Non-current assets 1,947,035 Current assets 437,548 Non-current liabilities (1,312,681) Current liabilities (1,466,843) Net liabilities (394,941) Results Revenue 1,251,811 Profit for the financial year 4,082 Total comprehensive income 4,082 Cash flows from operating activities 199,322 Cash flows used in investing activities (172,735) Net increase in cash and cash equivalents 26,587