EXCEL FORCE MSC BERHAD Annual Report 2017

02 Notice of Annual General Meeting 05 Financial Highlights 07 Corporate Information 08 Chairman’s Statement 09 Management Discussion and Analysis 12 Board of Directors’ Profile 16 Key Senior Management’s Profile 19 Corporate Governance Statement 30 Corporate Responsibility 31 Audit Committee Report 34 Statement on Risk Management and Internal Control 37 Additional Compliance Information 38 Financial Statements 38 Directors’ Report 43 Statement by Directors 43 Statutory Declaration 44 Independent Auditors’ Report 47 Statements of Financial Position 49 Statements of Profit or Loss and Other Comprehensive Income 50 Statements of Changes in Equity 53 Statements of Cash Flows 55 Notes to the Financial Statements 114 List of Properties 115 Analysis of Shareholdings 117 Analysis of Warrant Holdings ENCLOSED Proxy Form TABLE OF CONTENTS ANNUAL REPORT 2017 OUR MISSION Optimise our resources to focus on expansion and growth and be in the forefront of promoting the latest technology