FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 98 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 13. INVESTMENTS IN SUBSIDIARIES (CONT’D) The summarised nancial information (before intra-group elimination) for each subsidiary that has non-controlling interests that are material to the Group is as follows: (Cont’d) TTES 2024 2023 RM RM At 31 December Non-current assets 6,274,101 5,670,790 Current assets 29,497,700 26,320,667 Non-current liabilities (808,643) (775,401) Current liabilities (16,635,579) (15,317,281) Net assets 18,327,579 15,898,775 Financial Year Ended 31 December Revenue 73,224,208 61,627,710 Pro t for the nancial year 8,428,804 7,725,542 Total comprehensive income 8,428,804 7,725,542 Total comprehensive income attributable to non-controlling interests 4,635,842 4,249,048 Dividends paid to non-controlling interests (3,300,000) (2,750,000) Net cash from operating activities 11,514,956 10,332,089 Net cash for investing activities (908,186) (904,537) Net cash for nancing activities (10,571,911) (4,533,986) During the nancial year, in the month of June 2024, FSPL acquired 15,000 ordinary shares of IDR10,962 each representing 5% of the issued and paid-up share capital of PTFI for a total cash consideration of approximately IDR164,430,400 (equivalent to RM47,654). Following the acquisition, the Group’s interest in PTFI increased from 95% to 100%. The carrying amount of PTFI’s net liabilities shared by the Group on the date of the acquisition was RM7,404,929. The Group recognised an increase in non-controlling interests of RM389,733 and a decrease in retained earnings of RM437,387. The following summarises the effect of changes in equity interest in PTFI that is attributable to owners of the Company: PTFI 2024 RM Equity interest at 1 January 2024 (7,323,574) Effect of increase in Company’s ownership interest (389,733) Share of comprehensive income 259,739 Equity interest at 31 December 2024 (7,453,568)
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