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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
6.
FINANCE COSTS
The Group
The Company
2016
2015
2016
2015
RM
RM
RM
RM
Interest expense on:
Term loans
777,557
1,139,059
335,475
467,725
Hire purchase
56,958
120,305
-
-
Money market loan
271,259
228,507
-
-
Bank overdrafts
41,177
6,482
-
-
1,146,951
1,494,353
335,475
467,725
Amount owing to subsidiaries
-
-
5,441
87,789
1,146,951
1,494,353
340,916
555,514
7.
PROFIT BEFORE TAX
Profit before tax is arrived at after crediting/(charging) the following:
The Group
The Company
2016
2015
2016
2015
RM
RM
RM
RM
Interest income from:
Subsidiaries
-
-
274,079
421,791
Third parties
769,559
780,339
319,411
457,574
Dividend income from subsidiaries
-
-
10,313,095
5,084,439
Writeback of allowance for impairment
losses on trade receivables
1,196
717,433
-
-
Gain/(Loss) on foreign exchange - net:
Unrealised
1,428,927
2,918,303
14,377
(2,217,362)
Realised
1,254,333
2,891,130
(103,942)
(517,803)
(Loss)/Gain on disposal of property,
plant and equipment
(68,214)
6,669
-
-
Gain/(Loss) on dissolution of
a subsidiary
719,412
-
(107,770)
-
Staff costs
(82,621,584)
(79,755,732)
(597,545)
(745,240)
Sub-contractor works
(16,629,940)
(52,937,582)
-
-
Depreciation of property,
plant and equipment
(17,193,402)
(18,132,726)
(24,047)
(23,816)
Directors’ remuneration:
Fees:
Executive Directors
(47,881)
(33,900)
(12,000)
-
Non-executive Directors
(136,920)
(136,919)
(136,920)
(136,919)
Salaries and other
emoluments:
Executive Directors
(5,262,379)
(3,195,381)
(982,531)
(103,646)
Notes To The Financial Statements
(cont’d)