EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 83 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 5. CAPITAL WORK-IN-PROGRESS Group and Company 2020 2019 RM RM At 1 January - 8,384,910 Effect of adoption of MFRS 16 - (8,384,910) At 1 January, as restated/31 December - - 6. RIGHT-OF-USE ASSETS Leasehold building Office spaces Computer equipment Total RM RM RM RM Group and Company Cost 2020 At 1 January 2020 19,756,200 1,032,561 90,765 20,879,526 Additions - 1,032,562 - 1,032,562 Expiration of lease contract - (1,032,561) (90,765) (1,123,326) At 31 December 2020 19,756,200 1,032,562 - 20,788,762 Accumulated depreciation At 1 January 2020 - 717,057 65,552 782,609 Charge for the financial year - 344,187 25,213 369,400 Expiration of lease contract - (1,032,561) (90,765) (1,123,326) At 31 December 2020 - 28,683 - 28,683 Carrying amount At 31 December 2020 19,756,200 1,003,879 - 20,760,079