EXCEL FORCE MSC BERHAD Annual Report 2019

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2019 83 notes to the financial statements 31 december 2019 (cont’d) 8. Intangible Assets Group and Company 2019 2018 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. 9. Investment in Subsidiary Companies Company 2019 2018 RM RM Unquoted shares, at cost In Malaysia 620,003 620,003 Less: Accumulated impairment losses (120,000) (120,000) 500,003 500,003 Details of the subsidiary companies are as follows: Name of company Place of business/ Country of incorporation Effective interest Principal activities 2019 2018 % % Direct Holding: Insage (MSC) Sdn. Bhd. Malaysia 100 100 Provision of software solutions E2 Trade Sdn. Bhd. Malaysia 100 100 Investment holding