EXCEL FORCE MSC BERHAD 81 Notes to the Financial Statements (cont’d) 7. INTANGIBLE ASSETS Group and Company 2021 2020 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. 8. INVESTMENT IN SUBSIDIARY COMPANIES Company 2021 2020 RM RM In Malaysia Unquoted shares, at cost 2,970,005 620,005 Less: Accumulated impairment losses (120,000) (120,000) 2,850,005 500,005 Details of the subsidiary companies are as follows: Name of company Place of business/ Country of incorporation Effective interest Principal activities 2021 2020 % % Direct holding: Insage (MSC) Sdn. Bhd. Malaysia 100 100 Provision of software solutions E2 Trade Sdn. Bhd. Malaysia 100 100 Investment holding Xifu Sdn. Bhd. Malaysia 70 100 Provision of consultants other than architecture, engineering andmanagement consultant and to provide investment advisory services
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