EXCEL FORCE MSC BERHAD Annual Report 2017

87 13. Assets Held for Sale During the current financial year, the long term leasehold land and building have been classified from property, plant and equipment to assets held for sale as the management were negotiating with Plaza 33 Sdn. Bhd. for the disposal of the property. Details of the assets held for sale are as follow: Group and Company 2017 2016 RM RM Cost At 1 January - - Reclassified from property, plant and equipment 14,500,000 - At 31 December 14,500,000 - Accumulated depreciation At 1 January - - Reclassified from property, plant and equipment 1,118,796 - At 31 December 1,118,796 - Carrying amount At 31 December 13,381,204 - The assets held for sale of the Group and of the Company are charged to a licensed bank for credit facilities granted to the Company as disclosed in Note 16. Subsequent to the financial year, the Company entered into a sale and purchase agreement with Plaza 33 Sdn. Bhd. for the disposal of leasehold land and building as disclosed in Note 33. 14. Share Capital Group and Company Number of Shares Amount 2017 2016 2017 2016 Units Units RM RM Authorised Ordinary shares of RM0.10 each - 500,000,000 - 50,000,000 Issued and fully paid At 1 January 206,865,975 206,768,100 20,686,597 20,676,810 Shares issued during the financial year - 97,875 - 9,787 Share split 206,865,975 - - - Transition to no par value regime on 31 January 2017 - - 56,768 - At 31 December 413,731,950 206,865,975 20,743,365 20,686,597 Notes To The Financial Statements 31 December 2017 (cont’d)