Frontken Berhad Annual Report 2017

77 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2017 6. FINANCE COSTS The Group The Company 2017 2016 2017 2016 RM RM RM RM Interest expense on:- Term loans 522,694 777,557 194,461 335,475 Hire purchase 25,343 56,958 - - Money market loan 298,948 271,259 - - Bank overdrafts 84,279 41,177 - - 931,264 1,146,951 194,461 335,475 Amount owing to subsidiaries - - - 5,441 931,264 1,146,951 194,461 340,916 7. PROFIT BEFORE TAX Profit before tax is arrived at after crediting/(charging) the following: The Group The Company 2017 2016 2017 2016 RM RM RM RM Interest income from: Subsidiaries - - 107,981 274,079 Third parties 844,780 769,559 406,772 319,411 Dividend income from subsidiaries - - 17,028,204 10,313,095 Writeback of allowance for impairment losses on trade receivables 60,137 1,196 - - (Loss)/Gain on foreign exchange - net: Unrealised (4,613,657) 1,428,927 (95,813) 14,377 Realised 908,165 1,254,333 403,883 (103,942) Gain/(Loss) on disposal of property, plant and equipment 11,181 (68,214) - - Gain/(Loss) on dissolution of a subsidiary - 719,412 - (107,770) Staff costs (96,482,716) (82,621,584) (845,130) (597,545) Sub-contractor works (10,107,680) (16,629,940) - - Depreciation of property, plant and equipment (18,471,479) (17,193,402) (21,667) (24,047) Directors’ remuneration: - directors of the Company: - fee (270,000) (148,920) (270,000) (148,920) - salaries and other emoluments (2,546,483) (982,531) (2,546,483) (982,531) - directors of the Subsidiaries: - fee (19,496) (35,881) - - - salaries and other emoluments (4,182,759) (4,279,848) - - Notes To The Financial Statements (cont’d)