NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2025 123 23. RESERVES (CONT’D) (iii) The new shares pursuant to the exercise of the warrants shall, upon allotment issue, rank equally in all respects with the existing ordinary shares of the Company in issue except that they will not be entitled to any dividend, rights, allotments and/or any other forms of distributions that may be declared, made or paid to shareholders, the entitlement date of which is before the allotment and issuance of the new ordinary shares; and (iv) The persons to whom the warrants have been granted have no rights to participate in any distribution and/ or offer of further securities in the Company until/and unless warrants holders exercise their warrants for new ordinary shares. 24. BANK BORROWING The Group 2025 2024 RM RM Non-current Hire purchase payable - 14,763 Current Hire purchase payable 14,763 34,284 The interest rate profile of the borrowing of the Group is summarised below: Effective Interest Rate The Group 2025 2024 Hire purchase payable 2.51% 2.51% 25. LEASE LIABILITIES The Group 2025 2024 RM RM At 1 January 28,733,289 33,045,972 Interest expense recognised in profit and loss 701,932 789,693 Changes due to lease modification - (8,856) Derecognition due to lease termination (43,953) (73,584) Repayment of principal (3,170,673) (3,208,562) Repayment of interest expense (701,932) (789,693) Additions 4,924,278 1,376,156 Exchange difference (1,552,220) (2,397,837) At 31 December 28,890,721 28,733,289 Analysed by: Current liabilities 2,829,397 2,633,304 Non-current liabilities 26,061,324 26,099,985 At 31 December 28,890,721 28,733,289
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