EXCEL FORCE MSC BERHAD 119 Notes to the Financial Statements (Cont’d) 36. Capital Management (Cont’d) The gearing ratios at the end of the reporting period are as follows: Group Company 30.6.2023 31.12.2021 1.1.2021 30.6.2023 31.12.2021 1.1.2021 RM RM RM RM RM RM (Restated) (Restated) (Restated) (Restated) Trade and other payables 3,613,686 5,041,177 5,663,750 3,498,849 4,821,931 5,503,368 Lease liabilities 632,211 672,117 1,005,317 632,211 672,117 1,005,317 Total debts 4,245,897 5,713,294 6,669,067 4,131,060 5,494,048 6,508,685 Less: Cash and cash equivalents (31,170,722) (32,356,372) (22,853,401) (30,050,305) (30,151,875) (22,125,361) Excess fund (26,924,825) (26,643,078) (16,184,334) (25,919,245) (24,657,827) (15,616,676) Total equity 96,895,620 99,703,861 90,752,426 97,736,322 99,539,777 90,225,004 Gearing ratio (times) -* -* -* -* -* -* * The gearing ratio is not applicable as the Group and the Company have sufficient cash and cash equivalents to settle the liabilities at the end of the reporting period. There were no changes in the Group’s and the Company’s approach to capital management during the financial period. 37. Capital Commitment Group and Company 30.6.2023 31.12.2021 RM RM Authorised and contracted for: - Property, plant and equipment 3,527,258 3,527,258
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