Frontken Berhad Annual Report 2024

FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 69 1. GENERAL INFORMATION The Company is a public limited liability company, incorporated and domiciled in Malaysia, and listed on the Main Market of Bursa Malaysia Securities Berhad. The principal activities of the Company are that of investment holding and provision of management services to its subsidiaries. The principal activities of the subsidiaries are disclosed in Note 13 to the nancial statements. The registered of ce of the Company is located at B-11-10, Level 11, Megan Avenue II, Jalan Yap Kwan Seng, 50450 Kuala Lumpur, Malaysia. The principal place of business of the Company is located at 601D, Level 6, Tower D, Uptown 5, No. 5, Jalan SS21/39, Damansara Uptown, 47400 Petaling Jaya, Selangor Darul Ehsan, Malaysia. These nancial statements comprise both separate and consolidated nancial statements. The nancial statements of the Company are separate nancial statements, while the nancial statements of the Group are consolidated nancial statements that include those of the Company and its subsidiaries as of the end of the reporting period. The Company and its subsidiaries are collectively referred to as “the Group”. The nancial statements of the Company and of the Group are presented in Ringgit Malaysia (“RM”), which is the Company’s functional and presentation currency. The nancial statements of the Group and of the Company have been authorised by the Board of Directors for issuance on 24 March 2025. 2. BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS The nancial statements of the Group and of the Company are prepared under the historical cost convention and modi ed to include other bases of valuation as disclosed in other sections under material accounting policy information, and in compliance with Malaysian Financial Reporting Standards (“MFRSs”), International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia. 2.1 During the current nancial year, the Group and the Company have adopted the following new accounting standards and/or interpretations (including the consequential amendments, if any): MFRSs and/or IC Interpretations (Including The Consequential Amendments) Amendments to MFRS 16: Lease Liability in a Sale and Leaseback Amendments to MFRS 101: Classi cation of Liabilities as Current or Non-current Amendments to MFRS 101: Non-current Liabilities with Covenants Amendments to MFRS 107 and MFRS 7: Supplier Finance Arrangements The adoption of the above accounting standards and/or interpretations (including the consequential amendments, if any) did not have any material impact on the nancial statements of the Group and of the Company. 2.2 The Group and the Company have not applied in advance the following accounting standards and/or interpretations (including the consequential amendments, if any) that have been issued by the Malaysian Accounting Standards Board (“MASB”) but are not yet effective for the current nancial year: MFRSs and/or IC Interpretations (Including The Consequential Amendments) Effective Date MFRS 18 Presentation and Disclosure in Financial Statements 1 January 2027 MFRS 19 Subsidiaries without Public Accountability: Disclosures 1 January 2027 Amendments to MFRS 9 and MFRS 7: Amendments to the Classi cation and Measurement of Financial Instruments 1 January 2026 NOTES TO THE FINANCIAL STATEMENTS

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