FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 67 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 The Group The Company 2024 2023 2024 2023 RM RM RM RM CASH FLOWS FROM/(FOR) OPERATING ACTIVITIES Pro t before tax 198,429,739 167,066,248 42,085,741 56,876,626 Adjustments for: Depreciation of property, plant and equipment 17,284,642 16,597,733 106,859 6,009 Depreciation of right-of-use assets 3,397,988 3,643,919 - - Interest expense 794,591 1,050,224 - - Unrealised (gain)/loss on foreign exchange (4,208,237) 1,514,307 82,047 61,193 Inventories written down 290,040 358,167 - - Property, plant and equipment written off 143,635 45,991 - - Interest income (7,366,656) (4,521,453) (1,092,352) (454,958) Fair value gain on short-term investments (1,614,770) (633,344) - - Gain on disposal of property, plant and equipment - (928,886) - - Gain on disposal of short-term investments (129,802) (175,649) - - Gain on lease termination (1,474) - - - Reversal of allowance for impairment losses on trade receivables - (492,662) - - Reversal of inventories previously written down - (8,375) - - Dividend income from subsidiaries - - (51,230,084) (64,895,945) Operating Pro t/(Loss) Before Working Capital Changes 207,019,696 183,516,220 (10,047,789) (8,407,075) (Increase)/Decrease in: Inventories (676,706) (683,579) - - Trade receivables (29,220,198) 10,029,167 - - Other receivables and prepaid expenses 1,759,536 684,501 414,912 (428,785) Increase/(Decrease) in: Trade payables 5,420,723 (5,500,130) - - Other payables and accrued expenses 22,931,683 2,767,326 2,133,385 2,929,107 Amount owing by a subsidiary - - (115,164) - Cash Generated From/(For) Operations 207,234,734 190,813,505 (7,614,656) (5,906,753) Taxes paid (40,608,744) (46,814,668) (55,279) (116,643) Net Cash From/(For) Operating Activities 166,625,990 143,998,837 (7,669,935) (6,023,396) The accompanying Notes form an integral part of these Financial Statements.
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