Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 157 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 29. CASH FLOW INFORMATION (CONT’D) (b) The cash and cash equivalents comprise the following:- The Group The Company 2021 2020 2021 2020 RM RM RM RM Cash and bank balances 249,621,250 290,468,269 9,837,068 6,834,025 Fixed deposits with licensed banks 14,008,250 13,389,638 - - Short-term investments - unit trust 51,737,748 8,332,527 48,643,961 3,302,234 315,367,248 312,190,434 58,481,029 10,136,259 Less: Fixed deposits pledged with licensed banks (478,265) (468,703) - - Less: Fixed deposits with maturity period more than 3 months (12,529,985) (11,920,935) - - Cash and cash equivalents 302,358,998 299,800,796 58,481,029 10,136,259 The total cash outflows for leases as a lessee are as follows:- The Group The Company 2021 2020 2021 2020 RM RM RM RM Payment of short-term leases 2,286,936 500,821 102,120 - Payment of low value assets 31,200 11,549 - - Interest paid on lease liabilities 614,836 653,936 - 4,848 Payment of lease liabilities 3,191,224 3,387,979 - 97,272 6,124,196 4,554,285 102,120 102,120 30. SIGNIFICANT EVENTS DURING THE FINANICAL YEAR (a) On 6 April 2021, a subsidiary, AGTC entered into a sales and purchase agreement with MH GoPower Company Limited to acquire a building with a total cash consideration of NT$367.50 million (equivalent to RM53.29 million). (b) On 28 April 2021, the Company has issued 526,717,545 bonus shares at no consideration together with 524,137,195 free detachable warrants on the basis of 1 bonus share together with 1 warrant for every 2 existing ordinary shares held on 28 April 2021. Each warrant entitles the registered holder the right at any time during the exercise period from 4 May 2021 to 3 May 2026 to subscribe in cash for one new ordinary share of the Company at an exercise price of RM4 each. At end of the reporting period, 524,137,195 warrants remained unexercised.
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