Excel Force MSC Berhad Annual Report 2016

EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 90 Notes to the Financial Statements 31 December 2016 (cont’d) 23. FINANCE COSTS Group and Company 2016 2015 RM RM Interest expense on hire purchase liabilities - 597 24. PROFIT BEFORE TAX Group Company 2016 2015 2016 2015 Note RM RM RM RM Profit before tax is arrived at after charging: Amortisation of product development costs 8 1,773,670 1,429,000 1,352,853 1,055,332 Auditors’ remuneration Statutory: - current year 53,500 57,500 50,500 47,000 - under-provision in prior year- - 1,000 - - Other services: - current year 4,500 4,500 4,500 4,500 - under-provision in prior year - 600 - - Depreciation of property, plant and equipment 7 1,280,898 1,503,938 1,214,076 1,414,515 Directors’ remuneration - fees 418,500 421,000 359,000 348,000 - other emoluments 1,430,102 1,490,986 1,076,410 1,013,327 Interest expense on hire purchase and finance lease liabilities 23 - 597 - 597 Loss on disposal of property, plant and equipment - 422 - - Property, plant and equipment written off 7 96,282 1,468 96,282 70 Realised loss on foreign exchange 34,520 - 34,520 - And crediting: Gain on disposal of property, plant and equipment (22,669) (22,098) (22,669) (22,098) Gain on disposal of subsidiaries 33 (68,938) - (46,738) - Interest income from: - deposits with licensed banks (1,453) (4,156) (1,453) (1,036) - short term funds (468,573) (347,427) (455,944) (338,794) - amount owing by a subsidiary - - (102,391) (105,744) Gain on foreign exchange: - realised - (27,894) - (27,894) - unrealised (34,204) (64,783) (34,204) (64,783) Management fee received/receivable from subsidiary companies - - (223,620) (89,680) Rental income from building (67,500) (40,000) (67,500) (40,000)