52
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
The Group
The Company
2014
2013
2014
2013
RM
RM
RM
RM
CASH FLOWS FROM/(FOR)
OPERATING ACTIVITIES
Profit before tax
28,139,842
5,910,807
1,609,481
154,034
Adjustments for:
Depreciation of property, plant
and equipment
18,423,125 18,744,297
19,697
20,270
Interest expense
1,226,693
1,451,334
191,420
77,823
Allowance for impairment loss
on plant and equipment
963,857
–
–
–
Unrealised (gain)/loss on foreign
exchange
(1,215,953)
389,365
699,660
598,744
Allowance for impairment losses
on receivables
823,534
1,199,949
–
–
Impairment loss on investment
in subsidiaries
–
–
215,187
–
Allowance for impairment loss
on inventories
937,972
–
–
–
Bad debts written off
427,195
1,421,170
–
–
Property, plant and equipment
written off
325,553
149,714
–
–
Share of results in associates
(25,331)
1,302,740
–
–
Loss on disposal of asset held
for sale
–
134,425
–
–
Interest income
(321,630)
(170,055)
(679,770)
(631,910)
Loss/(Gain) on disposal of property,
plant and equipment
756,827
(55,727)
(1,200)
–
Reversal of allowance for impairment
loss on amount owing by
subsidiaries
–
–
(14,623)
–
Writeback of allowance for impairment
losses on trade receivables
(148,158)
(361,136)
–
–
Gain on disposal of investment in
associates
(2,945,303)
–
–
–
Gain on dilution on investment in
subsidiaries
(65,203)
–
–
–
Dividend income from subsidiaries
–
–
(3,694,760)
(1,613,447)
Operating Profit/(Loss) Before
Working Capital Changes
47,303,020 30,116,883
(1,654,908)
(1,394,486)
STATEMENTS OF
CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2014
The accompanying Notes form an integral part of these Financial Statements.
