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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
The Group
The Company
2016
2015
2016
2015
RM
RM
RM
RM
Decrease/(Increase) in:
Inventories
752,679
(968,022)
-
-
Amount owing by a contract
customer
-
1,837,000
-
-
Trade receivables
(5,097,661)
27,182,094
-
-
Other receivables and
prepaid expenses
1,172,632
(733,496)
(23,556)
25,634
Amount owing by associates
(3,771)
28,485
-
-
Increase/(Decrease) in:
Trade payables
(11,074,834)
(8,029,512)
-
-
Other payables and accrued expenses
15,324,322
(4,748,405)
(138,524)
(455,447)
Cash Generated From/
(For) Operations
51,105,459
52,742,284
(2,979,967)
(2,653,136)
Taxes paid
(6,681,818)
(8,242,591)
-
-
Net Cash From/(For)
Operating Activities
44,423,641
44,499,693
(2,979,967)
(2,653,136)
CASH FLOWS (FOR)/FROM
INVESTING ACTIVITIES
Repayment from subsidiaries
-
-
8,435,398
5,252,690
Purchase of property, plant and
equipment
(27,730,908)
(7,196,780)
(2,929)
(2,849)
Dividend received from subsidiaries
-
-
4,268,995
4,634,439
Additional investment/acquisition
of subsidiaries (Note 11)
(7,399,144)
(6,862,024)
(7,399,142)
(5,103,100)
Net cash outflow on disposal of a
subsidiary (Note 11)
-
(785,413)
-
-
Proceeds from disposal of property, plant
and equipment
188,769
77,955
-
-
Proceeds from disposal of a subsidiary
-
-
-
85,304
Short-term investment
(2,243,001)
-
-
-
Net withdrawal/(placement) of fixed
deposits with licensed banks
1,377,357
6,600,196
(32,254)
6,967,605
Interest received
769,559
780,339
593,490
879,365
Net Cash (For)/From
Investing Activities
(35,037,368)
(7,385,727)
5,863,558
12,713,454
The accompanying Notes form an integral part of these Financial Statements.
Statements Of Cash Flows
For The Year Ended 31 December 2016 (cont’d)