Frontken Berhad Annual Report 2019

50 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 The Group The Company Note 2019 2018 2019 2018 RM RM RM RM Revenue 5 339,911,215 327,217,653 28,588,423 23,571,768 Cost of sales (191,805,811) (200,645,515) - - Gross profit 148,105,404 126,572,138 28,588,423 23,571,768 Other income 3,888,752 5,428,239 604,127 660,501 Administrative expenses (43,908,541) (44,130,245) (5,424,522) (5,155,816) Other expenses (11,070,833) (10,841,990) (243,507) (257,817) Finance costs 6 (755,525) (568,006) (9,480) (56,109) Net impairment losses on financial assets 7 2,200 (922,838) 271,455 (1,242,999) Share of results in associates, net of tax - 78,115 - - Profit before tax 8 96,261,457 75,615,413 23,786,496 17,519,528 Income tax expense 9 (22,033,109) (18,612,981) (514,228) (2,437,333) Profit after tax 74,228,348 57,002,432 23,272,268 15,082,195 Other comprehensive income, net of tax Items that Will Not be Reclassified Subsequently to Profit or Loss Actuarial gain 4,334 397,811 - - Items that Will be Reclassified Subsequently to Profit or Loss Foreign currency translation differences 2,261,473 (1,570,946) - - Total comprehensive income for the financial year 76,494,155 55,829,297 23,272,268 15,082,195 Profit after tax attributable to:- Owners of the Company 69,170,350 52,256,898 23,272,268 15,082,195 Non-controlling interests 5,057,998 4,745,534 - - 74,228,348 57,002,432 23,272,268 15,082,195 Total comprehensive income attributable to:- Owners of the Company 71,290,923 51,317,151 23,272,268 15,082,195 Non-controlling interests 5,203,232 4,512,146 - - 76,494,155 55,829,297 23,272,268 15,082,195 Earnings per ordinary share attributable to owners of the Company Basic (sen) 10 6.60 4.99 Diluted (sen) 10 6.60 4.99 The accompanying Notes form an integral part of these Financial Statements. Statements Of Profit Or Loss And Other Comprehensive Income For The Financial Year Ended 31 December 2019