Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 80 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 The accompanying Notes form an integral part of these Financial Statements. The Group The Company 2021 2020 2021 2020 RM RM RM RM CASH FLOWS FROM/(FOR) OPERATING ACTIVITIES Profit before tax 149,866,475 114,252,674 84,278,626 60,125,383 Adjustments for: Depreciation of property, plant and equipment 14,573,386 15,274,424 1,383 1,505 Depreciation of right-of-use assets 3,101,127 3,149,038 - 94,956 Interest expense 614,836 666,716 - 4,848 Unrealised loss on foreign exchange 92,091 612,699 45,633 244,238 Allowance for impairment losses on trade receivables 64,043 202,171 - - Property, plant and equipment written off 2,714 180,304 - - Gain on lease modification - (725) - - Interest income (840,722) (1,249,835) (269,458) (301,006) Gain on disposal of property, plant and equipment (25,770) (1,555,110) - - Writeback of allowance for impairment losses on trade receivables (204,546) - - - Dividend income from subsidiaries - - (90,483,564) (65,771,356) Operating Profit/(Loss) Before Working Capital Changes 167,243,634 131,532,356 (6,427,380) (5,601,432) Decrease/(Increase) in: Inventories 1,086,695 (4,402,509) - - Trade receivables (8,966,769) (14,864,868) - - Other receivables and prepaid expenses (2,536,644) (87,320) (43,674) 54,312 Increase in: Trade payables 1,958,608 1,398,854 - - Other payables and accrued expenses 11,051,943 29,036,331 1,004,382 552,219 Cash Generated From/(For) Operations 169,837,467 142,612,844 (5,466,673) (4,994,901) Taxes paid (31,062,257) (22,879,468) - - Net Cash From/(For) Operating Activities 138,775,210 119,733,376 (5,466,673) (4,994,901)
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