NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2025 114 13. INVESTMENTS IN SUBSIDIARIES (CONT’D) The summarised financial 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 2025 2024 RM RM At 31 December Non-current assets 6,068,217 6,274,101 Current assets 21,983,794 29,497,700 Non-current liabilities (542,493) (808,643) Current liabilities (7,796,841) (16,635,579) Net assets 19,712,677 18,327,579 Financial Year Ended 31 December Revenue 54,977,395 73,224,208 Profit for the financial year 5,885,098 8,428,804 Total comprehensive income 5,885,098 8,428,804 Total comprehensive income attributable to non-controlling interests 3,236,804 4,635,842 Dividends paid to non-controlling interests (2,475,000) (3,300,000) Net cash from operating activities 8,830,501 11,442,679 Net cash for investing activities (4,219,856) (98,764) Net cash for financing activities (3,730,958) (10,571,911) During the financial year, in the month of August 2025, the Company acquired 293,704 ordinary shares of NT$10 each representing 0.86% of the issued and paid-up share capital of AGTC for a total cash consideration of NTD93,985,280 (equivalent to RM13,330,486). Following the acquisition, the Group’s interest in AGTC increased from 92.53% to 93.39%. The carrying amount of AGTC’s net assets shared by the Group on the date of the acquisition was RM595,813,760. The Group recognised an increase in non-controlling interests of RM5,537,661 and a decrease in retained earnings of RM7,792,825. The following summarises the effect of changes in equity interest in AGTC that is attributable to owners of the Company: AGTC 2025 RM Equity interest at 1 January 2025 523,508,016 Effect of increase in Company's ownership interest 5,537,661 Share of comprehensive income 79,397,369 Equity interest at 31 December 2025 608,443,046
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