Frontken Berhad Annual Report 2019

57 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 The Group The Company 2019 2018 2019 2018 RM RM RM RM CASH FLOWS (FOR)/FROM INVESTING ACTIVITIES Repayment from subsidiaries - - 271,455 1,514,464 Purchase of property, plant and equipment (7,016,576) (7,492,297) - (3,689) Addition of right-of-use assets (15,434) - - - Dividend received from subsidiaries - - 28,038,195 21,039,335 Additional investment/acquisition of subsidiaries (Note 13) (2,636,981) (7,133,082) (2,636,981) (7,133,082) Proceeds from disposal of an associate - 2,496,557 - - Proceeds from disposal of property, plant and equipment 14,901 1,077,256 - - Net (placement)/withdrawal of fixed deposits with licensed banks (3,608,920) 2,992,578 - 1,104,683 Interest received 1,150,023 917,220 455,564 549,987 Net Cash (For)/From Investing Activities (12,112,987) (7,141,768) 26,128,233 17,071,698 CASH FLOWS FOR FINANCING ACTIVITIES (Decrease)/Increase in amount owing to subsidiaries (Note 32(a)) - - (4,851,365) 591,745 Repayment of term loans (Note 32(a)) (10,677,444) (16,712,117) - (2,037,933) Interest paid (755,525) (568,006) (9,480) (56,109) Dividend paid by the Company (Note 29) (18,863,433) (7,335,779) (18,863,433) (7,335,779) Dividend paid by a subsidiary to non- controlling interests (1,048,152) (2,626,027) - - Payment of hire purchase payables (Note 32(a)) - (544,511) - - Payment of lease liabilities (2,366,158) - (92,640) - Net Cash For Financing Activities (33,710,712) (27,786,440) (23,816,918) (8,838,076) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 69,077,078 28,394,062 (2,529,063) 4,345,187 Effect of exchange rate changes 1,651,600 293,086 (59,241) 8,004 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 148,940,067 120,252,919 14,110,208 9,757,017 CASH AND CASH EQUIVALENTS AT END OF YEAR (Note 32(b)) 219,668,745 148,940,067 11,521,904 14,110,208 Notes:- (a) In the previous financial year, the Group and the Company acquired property, plant and equipment at an aggregate cost of RM9,892,297 and RM3,689, respectively, of which RM2,400,000 and Nil, respectively, was acquired under hire- purchase arrangements. (b) In the current financial year, the Group acquired right-of-use assets at an aggregate cost of RM3,162,097, of which RM129,434 was acquired under hire-purchase arrangements. The accompanying Notes form an integral part of these Financial Statements. Statements Of Cash Flows For The Financial Year Ended 31 December 2019 (cont’d)