EXCEL FORCE MSC BERHAD Annual Report 2018

02 Notice Of Annual General Meeting 05 Five-Year 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 Overview Statement 30 Sustainability Statement 33 Audit Committee Report 35 Statement On Risk Management And Internal Control 38 Additional Compliance Information 39 Financial Statements 39 Directors’ Report 44 Statement By Directors 44 Statutory Declaration 45 Independent Auditors’ Report 48 Statements Of Financial Position 50 Statements Of Profit Or Loss And Other Comprehensive Income 51 Statements Of Changes In Equity 54 Statements Of Cash Flows 56 Notes To The Financial Statements 121 List Of Properties 122 Analysis Of Shareholdings 124 Analysis Of Warrant Holdings Enclosed Proxy Form TABLE OF CONTENTS ANNUAL REPORT 2018 MISSION We continuously strive to increase our technology knowhow and capabilities, deepen our domain knowledge and optimise the use of our resources to produce high quality applications and services that expand our market reach, grow our revenue and sustain our profitability VISION To be an innovative and high value adding software solution provider