122
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
(cont’d)
31. SUBSEQUENT EVENT AFTER THE FINANCIAL YEAR
Subsequent to the financial year, the Company increased its issued and paid-up share capital from
RM101,140,816 to RM105,343,513 by the issuance of 42,026,970 new ordinary shares of RM0.10 each
pursuant to the exercise of 42,026,970 warrants at an exercise price of RM0.18 per warrant. The warrants
were exercised on various dates in year 2015 before the expiry date of the warrant on 10 March 2015.
The new ordinary shares issued are rank pari passu with the existing issued ordinary shares of the Company.
The resulting premium of RM3,362,158 arising from the shares is credited to the share premium account.
32. RECLASSIFICATIONS AND COMPARATIVE FIGURES
Certain reclassifications have been made to the prior year’s financial statements to conform with the current
year’s presentation. The items were reclassified as follows:
The Group
As previously
As
reported
restated
RM
RM
As of 31 December 2013
Statements of Financial Position (Extract):-
Amount owing by a contract customer
2,130,236
–
Trade receivables
69,762,903
71,276,490
Other receivables, deposits and prepaid expenses
4,653,439
5,270,088
Statements of Cash Flows (Extract):-
Net cash for investing activities
(7,983,439)
(8,010,189)
Cash and cash equivalents at beginning of year
41,457,531
40,786,539
Cash and cash equivalents at end of year
37,111,558
36,413,816
33. FOREIGN EXCHANGE RATES
The principal closing foreign exchange rates used (expressed on the basis of one unit of foreign currency to
Ringgit Malaysia equivalent) for the translation of foreign currency balances at the end of the reporting period
are as follows:-
The Group/
The Company
2014
2013
Singapore Dollar
2.64
2.59
United States Dollar
3.50
3.28
Philippine Peso
0.08
0.07
New Taiwan Dollar
0.11
0.11
Euro
4.25
4.52
Chinese Renminbi
0.56
0.54
Indonesian Rupiah
0.00028
0.00027
Thai Baht
0.11
0.10
