EXCEL FORCE MSC BERHAD Annual Report 2017

113 32. Comparative Information The financial statements of the Group and of the Company as at 31 December 2016 were audited by another auditors. Certain comparative figures have been reclassified where necessary to conform with the current year’s presentation. As previously stated Reclassification As restated RM RM RM Group Statements of Financial Position Current Assets Trade and other receivables 3,961,860 (3,961,860) - Trade receivables - 3,282,981 3,282,981 Other receivables - 678,879 678,879 Current Liabilities Trade and other payables 2,291,183 (2,291,183) - Trade payables - 460,060 460,060 Other payables - 1,831,123 1,831,123 Company Statements of Financial Position Current Assets Trade and other receivables 4,449,944 (4,449,944) - Trade receivables - 3,058,626 3,058,626 Other receivables - 663,093 663,093 Amount due from a subsidiary company - 728,225 728,225 Current Liabilities Trade and other payables 1,636,358 (1,636,358) - Trade payables - 439,685 439,685 Other payables - 1,196,673 1,196,673 Statements of Cash Flows Cash flows from operating activities Trade and other receivables 4,001,326 (251,904) 3,749,422 Amount due to a subsidiary company - 251,904 251,904 33. Subsequent Event On 29 March 2018, the Company entered into a sale and purchase agreement with Plaza 33 Sdn. Bhd. for the disposal of leasehold land and building held under H.S.(D) 159654, Master Lot No. PT 1, Bandar Petaling Jaya, Daerah Petaling, Negeri Selangor for a total consideration of RM15,665,000. The disposal is yet to be completed as at the date of this report. 34. Date of Authorisation for Issue The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the Directors on 13 April 2018. Notes To The Financial Statements 31 December 2017 (cont’d)