Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 7 FINANCIAL HIGHLIGHTS (CONT’D) SUMMARISED GROUP FINANCIAL POSITION AS AT 31 DECEMBER (RM’000) 2017 2018 2019 2020 2021 Non-Current Assets 188,706 177,493 181,523 175,361 257,937 Current Assets 242,385 277,567 334,202 442,910 460,699 Total Assets 431,091 455,060 515,725 618,271 718,636 Share Capital 118,925 118,925 118,925 118,925 118,441 Reserves 162,675 206,115 258,047 321,070 382,415 Shareholders’ Equity 281,600 325,040 376,972 439,995 500,856 Non-Controlling Interests 24,373 19,604 21,776 27,039 34,225 Total Equity 305,973 344,644 398,748 467,034 535,081 Non-Current Liabilities 16,061 12,348 15,053 12,826 22,295 Current Liabilities 109,057 98,068 101,924 138,411 161,260 Total Liabilities 125,118 110,416 116,977 151,237 183,555 Total Equity and Liabilities 431,091 455,060 515,725 618,271 718,636 SUMMARISED GROUP CASH FLOWS YEAR ENDED 31 DECEMBER (RM’000) 2017 2018 2019 2020 2021 Net Cash Flows From Operating Activities 69,029 63,322 114,901 119,733 138,775 Net Cash Flows For Investing Activities (32,078) (7,142) (12,113) (11,900) (86,212) Net Cash Flows For Financing Activities (8,389) (27,786) (33,711) (33,949) (61,084) Net Increase/(Decrease) in Cash and Cash Equivalents 28,562 28,394 69,077 73,884 (8,521) Effect of exchange differences (6,377) 293 1,652 6,248 11,079 Cash and Cash Equivalents at Beginning of Year 98,068 120,253 148,940 219,669 299,801 Cash and Cash Equivalents at End of Year 120,253 148,940 219,669 299,801 302,359 FINANCIAL ANALYSIS 2017 2018 2019 2020 2021 Turnover growth 13.3% 10.3% 3.9% 8.4% 22.2% Profit Before Tax Growth 38.4% 63.9% 27.3% 18.7% 31.2% Net Profit Growth 49.0% 75.0% 32.4% 18.5% 27.5% Pre-tax Profit Margin 15.6% 23.1% 28.3% 31.0% 33.3% Net Profit Margin 10.1% 16.0% 20.3% 22.3% 23.2% Return on Average Shareholders’ Equity 11.0% 17.2% 19.7% 20.1% 22.2% Return on Average Total Assets 7.1% 11.8% 14.4% 14.5% 15.6% Earnings Per Share (Sen) - Basic * 1.9 * 3.3 * 4.4 * 5.2 6.7 - Diluted ^ 1.9 ^ 3.3 ^ 4.4 ^ 5.2 # 6.7 * The earning per share have been adjusted to reflect the bonus issue of two for every one existing ordinary share which was completed on 30 April 2021. ^ The Group has not issued any dilutive potential ordinary shares and hence, the diluted earnings per share is equal to the basic earnings per share. # The potential conversion of warrants is anti-dilutive as its exercise price is higher than the average market price of the Company’s ordinary shares during the current financial period and hence, the diluted earnings per share is equal to the basic earnings per share.
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