EXCEL FORCE MSC BERHAD Annual Report 2025

Directors’ Report........................................................................................................................................... 51 Statement by Directors................................................................................................................................. 55 Statutory Declaration................................................................................................................................... 55 Independent Auditors’ Report..................................................................................................................... 56 Statements of Financial Position................................................................................................................. 59 Statements of Profit or Loss and Other Comprehensive Income................................................................ 61 Statements of Changes in Equity.................................................................................................................. 63 Statements of Cash Flows............................................................................................................................. 66 Notes to the Financial Statements............................................................................................................... 69 FINANCIAL STATEMENTS ANNUAL REPORT 2025

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