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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
The Group
The Company
2016
2015
2016
2015
RM
RM
RM
RM
CASH FLOWS FROM/ (FOR)
OPERATING ACTIVITIES
Profit before tax
33,344,738
15,998,086
6,154,262
178,853
Adjustments for:
Depreciation of property, plant
and equipment
17,193,402
18,132,726
24,047
23,816
Interest expense
1,146,951
1,494,353
340,916
555,514
Allowance for impairment loss
on plant and equipment
51,841
1,713,303
-
-
Unrealised (gain)/loss on
foreign exchange
(1,428,927)
(2,918,303)
(14,377)
2,217,362
Allowance for impairment losses
on amount owing by a subsidiary
-
-
1,476,080
-
Allowance for impairment losses
on receivables
133,461
294,518
-
-
Impairment loss on investment
in subsidiaries
-
-
-
441,468
Inventories written down to net
realisable value
-
52,272
-
-
Inventories written off
492,724
146,823
-
-
(Gain)/Loss on dissolution of a subsidiary
(719,412)
-
107,770
-
Property, plant and equipment written off
411,330
2,919,978
-
-
Share of results in associates
108,525
(25,186)
-
-
Loss on disposal of investment in
a subsidiary
-
1,870,011
-
323,468
Interest income
(769,559)
(780,339)
(593,490)
(879,365)
Loss/(Gain) on disposal of property,
plant and equipment
68,214
(6,669)
-
-
Writeback of allowance for impairment
losses on trade receivables
(1,196)
(717,433)
-
-
Dividend income from subsidiaries
-
-
(10,313,095)
(5,084,439)
Operating Profit/(Loss) Before
Working Capital Changes
50,032,092
38,174,140
(2,817,887)
(2,223,323)
The accompanying Notes form an integral part of these Financial Statements.
Statements Of Cash Flows
For The Year Ended 31 December 2016