Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 81 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 (CONT’D) 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 (FOR)/FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (82,830,229) (7,741,085) (4,388) (1,629) Addition of right-of-use assets - (680) - - Dividend received from subsidiaries - - 113,688,891 36,158,583 Additional investment in an existing subsidiary (Note 13) (4,240,434) (775,870) (4,240,434) (775,870) Proceeds from disposal of property, plant and equipment 25,771 2,005,346 - - Net placement of fixed deposits with licensed banks (8,332) (6,637,216) - - Interest received 840,722 1,249,835 269,458 301,006 Net Cash (For)/From Investing Activities (86,212,502) (11,899,670) 109,713,527 35,682,090 CASH FLOWS FOR FINANCING ACTIVITIES Decrease in amount owing to subsidiaries (Note 29(a)) - - - (3,431,325) Drawdown of term loan - 1,429,690 - - Repayment of term loans (Note 29(a)) - (2,272,639) - - Interest paid (614,836) (666,716) - (4,848) Dividend paid by the Company (Note 26) (52,907,389) (28,295,150) (52,907,389) (28,295,150) Dividend paid by a subsidiary to non-controlling interests (1,421,505) (756,391) - - Payment of lease liabilities (Note 29(a)) (3,191,224) (3,387,979) - (97,272) Proceeds from disposal of treasury shares 1,655,415 - 1,655,415 - Purchase of treasury shares (4,120,170) - (4,120,170) - Share issuance expenses (Note 21) (484,307) - (484,307) - Net Cash For Financing Activities (61,084,016) (33,949,185) (55,856,451) (31,828,595) NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (8,521,308) 73,884,521 48,390,403 (1,141,406) Effect of exchange rate changes 11,079,510 6,247,530 (45,633) (244,239) CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 299,800,796 219,668,745 10,136,259 11,521,904 CASH AND CASH EQUIVALENTS AT END OF YEAR (Note 29(b)) 302,358,998 299,800,796 58,481,029 10,136,259 Note:- In the current financial year, the Group acquired right-of-use assets at an aggregate cost of RM11,839,512 (2020 : RM668,642), of which Nil (2020 : RM149,080) was acquired under hire-purchase arrangements.
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