EXCEL FORCE MSC BERHAD Annual Report 2017

81 5. Product Development Costs (cont’d) (c) Sensitivity to changes in assumptions The management believes that there are no reasonable possible change in any key assumption that would cause the CGU carrying amount to exceed its recoverable amount. (d) Included in the product development costs of the Group is Executive Directors’ remuneration of RM17,157 (2016: RM67,800). 6. Intangible assets Group and Company 2017 2016 RM RM Cost At 1 January/31 December 1,010,000 1,010,000 Accumulated amortisation At 1 January/31 December (1,010,000) (1,010,000) Carrying amount At 31 December - - Intangible assets consist of trademarks and copyrights which had been fully amortised in the financial year ended 31 December 2013. 7. Investment in Subsidiary Companies (a) Investment in subsidiary companies Company 2017 2016 RM RM Unquoted shares, at cost In Malaysia 620,003 120,000 Less: Accumulated impairment losses (120,000) (120,000) 500,003 - Details of the subsidiary companies are as follows: Name of company Country of incorporation Effective Interest Principal activities 2017 2016 % % Direct Holding: Insage (MSC) Sdn. Bhd. Malaysia 100 60 Provision of software solutions E2 Trade Sdn. Bhd. * Malaysia 100 - Investment holding * The results of E2 Trade Sdn. Bhd. (“ETSB”) were consolidated based on its management accounts as the Directors consider the financial position and financial performance of ETSB are not material to the Group. Notes To The Financial Statements 31 December 2017 (cont’d)