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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
The Group
The Company
Note
2016
2015
2016
2015
RM
RM
RM
RM
CASH FLOWS (FOR)/FROM
FINANCING ACTIVITIES
Decrease in amount owing to
subsidiaries
-
-
(1,680,840)
(2,275,689)
Treasury shares acquired
(64,491)
(33,751)
(64,491)
(33,751)
Proceeds from issuance of shares
-
7,564,855
-
7,564,855
Repayment of term loans
(30,567,224)
(878,769)
(1,936,843)
(1,810,825)
Interest paid
(1,146,951)
(1,494,353)
(340,916)
(555,514)
Dividend paid by a subsidiary to non-
controlling interests
(2,151,371)
(1,806,882)
-
-
Drawdown of term loans
16,146,540
4,401,620
-
-
Payment of hire purchase payables
(689,599)
(1,506,234)
-
-
Net Cash (For)/From
Financing Activities
(18,473,096)
6,246,486
(4,023,090)
2,889,076
Net (Decrease)/Increase
In Cash And Cash
Equivalents
(9,086,823)
43,360,452
(1,139,499)
12,949,394
Effect of exchange rate changes
2,037,383
9,181,739
63,094
116,833
CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR
105,117,339
52,575,148
16,460,512
3,394,285
CASH AND CASH EQUIVALENTS
AT END OF YEAR
*
98,067,899
105,117,339
15,384,107
16,460,512
Note : During the financial year, the Group and the Company acquired property, plant and equipment at an aggregate cost
of RM27,900,908 and RM2,929 (2015 : RM7,196,780 and RM2,849), respectively, of which RM170,000 and NIL
(2015 : NIL and NIL), respectively, was acquired under hire-purchase arrangements.
*
The Group
The Company
2016
2015
2016
2015
RM
RM
RM
RM
CASH AND CASH EQUIVALENTS
Cash and bank balances
88,745,512
94,486,988
9,993,581
14,460,511
Fixed deposits with licensed banks
5,872,035
15,310,588
1,072,697
3,040,444
Short-term investments - unit trust
6,753,232
-
5,390,526
-
101,370,779
109,797,576
16,456,804
17,500,955
Less: Fixed deposits pledged with banks
(3,205,263)
(4,680,237)
(1,072,697)
(1,040,443)
Less: Fixed deposits with maturity
period more than 3 months
(97,617)
-
-
-
Cash and cash equivalents
98,067,899
105,117,339
15,384,107
16,460,512
The accompanying Notes form an integral part of these Financial Statements.
Statements Of Cash Flows
For The Year Ended 31 December 2016 (cont’d)