50 EXCEL FORCE MSC BERHAD Group Company 30.6.2023 31.12.2021 1.1.2021 30.6.2023 31.12.2021 1.1.2021 Note RM RM RM RM RM RM (Restated) (Restated) (Restated) (Restated) ASSETS Non-current assets Property, plant and equipment 4 3,551,847 2,173,354 2,524,661 3,380,102 1,918,075 2,221,618 Right-of-use assets 5 20,125,067 20,415,892 20,760,079 20,125,067 20,415,892 20,760,079 Product development costs 6 15,431,750 12,174,541 11,931,476 13,353,404 10,658,981 10,935,265 Intangible assets 7 - - - - - - Investment in subsidiary companies 8 - - - 2,880,006 2,850,005 500,005 Investment in associate 9 318,048 - - 300,000 - - Other investments 10 10,765,275 17,801,700 13,042,200 10,765,275 17,801,700 13,042,200 Goodwill on consolidation 11 29,454 - - - - - 50,221,441 52,565,487 48,258,416 50,803,854 53,644,653 47,459,167 Current assets Inventories 12 30,512 30,512 23,992 30,512 30,512 23,992 Trade receivables 13 2,766,430 3,191,388 5,847,912 2,602,778 3,115,431 5,670,613 Other receivables 14 22,382,091 22,119,265 25,405,881 22,321,352 22,091,187 25,463,574 Amount due from subsidiary companies 15 - - - 653,911 48,286 157,069 Tax recoverable 574,712 37,026 - 494,829 - - Deposits, cash and bank balances and short-term funds 16 31,170,722 32,356,372 22,853,401 30,050,305 30,151,875 22,125,361 56,924,467 57,734,563 54,131,186 56,153,687 55,437,291 53,440,609 Total assets 107,145,908 110,300,050 102,389,602 106,957,541 109,081,944 100,899,776 Statements of Financial Position As at 30 June 2023
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