99 / 144
98
Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
12. INVESTMENTS IN AN ASSOCIATE (CONT’D)
Amount owing by an associate
The Group
2016
2015
RM
RM
Amount owing by an associate
- Trade
943,845
920,573
- Non-trade
419,126
409,567
1,362,971
1,330,140
The normal trade credit terms granted to associate range from 30 to 90 days (2015: 30 to 90 days).
The non-trade balance is unsecured, interest-free and repayable on demand. The amount owing is to be settled in cash.
Transactions undertaken with associate during the financial year are as follows:
The Group
2016
2015
RM
RM
Frontken (Thailand) Co., Ltd.
Purchases
-
27,554
13. GOODWILL ON CONSOLIDATION
The Group
2016
2015
RM
RM
At beginning/end of year
33,760,856
33,760,856
Goodwill acquired in a business combination is allocated, at acquisition, to the cash-generating unit (“CGU”) that is
expected to benefit from that business combination. The carrying amount of the goodwill had been allocated as follows:
The Group
2016
2015
RM
RM
Frontken (East Malaysia) Sdn. Bhd.
805,812
805,812
Ares Green Technology Corporation
24,588,453
24,588,453
TTES Frontken Integrated Services Sdn. Bhd.
8,366,591
8,366,591
33,760,856
33,760,856
Notes To The Financial Statements
(cont’d)