NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2025 115 13. INVESTMENTS IN SUBSIDIARIES (CONT’D) In the previous financial 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) 14. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES Trade receivables of the Group comprise amounts outstanding for the provision of services and sale of goods. The credit periods granted to the customers range from 30 to 180 days (2024: 30 to 180 days). The Group 2025 2024 RM RM Trade receivables 120,641,940 141,125,690 Allowance for impairment losses (438,744) (559,084) 120,203,196 140,566,606 Movement in allowance for impairment losses on trade receivables is as follows: The Group 2025 2024 RM RM At 1 January 559,084 621,147 Reversal of allowance for impairment losses (47,063) - Written offs (39,962) (16,663) Exchange difference (33,315) (45,400) At 31 December 438,744 559,084
RkJQdWJsaXNoZXIy NDgzMzc=