Frontken Berhad Annual Report 2019

51 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 The Group The Company Note 2019 2018 2019 2018 RM RM RM RM ASSETS Non-Current Assets Property, plant and equipment 11 125,735,869 140,400,220 2,177 19,382 Right-of-use assets 12 19,730,568 - 94,956 - Investments in subsidiaries 13 - - 143,556,689 140,919,708 Investment in an associate 14 - - - - Goodwill on consolidation 15 33,760,856 33,760,856 - - Deferred tax assets 16 2,295,497 2,155,621 - - Fixed deposits with licensed banks 17 - 1,176,576 - - Total Non-Current Assets 181,522,790 177,493,273 143,653,822 140,939,090 Current Assets Inventories 18 15,101,449 13,710,671 - - Trade receivables 19 86,299,711 106,845,857 - - Other receivables, deposits and prepaid expenses 19 7,380,110 6,727,231 79,779 76,088 Amount owing by subsidiaries 20 - - 162,000 172,800 Current tax assets - 376,409 - - Short-term investments 21 10,684,259 13,288,430 9,219,642 11,858,212 Fixed deposits with licensed banks 17 17,575,702 3,626,961 - - Cash and bank balances 197,161,206 132,991,602 2,302,262 2,251,996 Total Current Assets 334,202,437 277,567,161 11,763,683 14,359,096 Total Assets 515,725,227 455,060,434 155,417,505 155,298,186 The accompanying Notes form an integral part of these Financial Statements. Statements Of Financial Position At 31 December 2019