Frontken Berhad Annual Report 2019

54 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 Non-distributable Distributable Foreign Attributable currency to owners Non- Share Treasury translation Statutory Retained of the controlling Total The Group capital shares reserve reserve earnings Company interests Equity RM RM RM RM RM RM RM RM Balance at 1 January 2019 118,925,352 (663,237) 27,672,528 9,110,850 169,995,037 325,040,530 19,603,901 344,644,431 Initial application of MFRS 16 - - - - (53,139) (53,139) - (53,139) Balance at 1 January 2019 (restated) 118,925,352 (663,237) 27,672,528 9,110,850 169,941,898 324,987,391 19,603,901 344,591,292 Other comprehensive income recognised for the financial year: - defined benefit plan actuarial gain - - - - 11,323 11,323 (6,989) 4,334 - foreign currency translation differences - - 2,109,250 - - 2,109,250 152,223 2,261,473 Profit after tax for the financial year - - - - 69,170,350 69,170,350 5,057,998 74,228,348 Total comprehensive income for the financial year - - 2,109,250 - 69,181,673 71,290,923 5,203,232 76,494,155 Contributions by and distributions to owners of the Company: - Dividends: - by the Company - - - - (18,863,433) (18,863,433) - (18,863,433) - by subsidiaries to non-controlling interests - - - - - - (836,952) (836,952) - Transfer to statutory reserve - - - 3,897,777 (3,897,777) - - - - Changes in ownership interests in subsidiaries that do not result in a loss of control - - - - (443,057) (443,057) (2,193,924) (2,636,981) Balance at 31 December 2019 118,925,352 (663,237) 29,781,778 13,008,627 215,919,304 376,971,824 21,776,257 398,748,081 The accompanying Notes form an integral part of these Financial Statements. Statements Of Changes In Equity For The Financial Year Ended 31 December 2019 (cont’d)