53
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
The Group
The Company
2014
2013
2014
2013
RM
RM
RM
RM
Decrease/(Increase) in:
Inventories
2,576,453
(2,221,540)
–
–
Amount owing by a contract
customer
(1,837,000)
500,736
–
–
Trade receivables
(28,237,306)
(4,495,067)
–
–
Other receivables and
prepaid expenses
(225,112)
201,814
(40,725)
2,246
Amount owing by associates
189,173
848,209
–
–
Increase/(Decrease) in:
Trade payables
14,960,491
6,232,154
–
–
Other payables and accrued
expenses
10,508,360
7,091,215
1,663,651
(39,026)
Amount owing to a director
–
(3,286)
–
–
Cash Generated From/(For)
Operations
45,238,079 38,271,118
(31,982)
(1,431,266)
Taxes paid
(4,566,029)
(1,590,281)
–
–
Net Cash From/(For)
Operating Activities
40,672,050 36,680,837
(31,982)
(1,431,266)
CASH FLOWS (FOR)/FROM
INVESTING ACTIVITIES
Repayment from subsidiaries
–
–
836,520
1,086,089
Purchase of property, plant and
equipment
(8,470,048)
(5,336,539)
(17,780)
(5,000)
Dividend received from subsidiaries
–
–
3,694,760
1,613,447
Acquisition of subsidiaries
–
(3,742,281)
(11,037,622)
(3,742,281)
Net cash outflow on acquisition of
a subsidiary (Note 12)
(7,397,296)
–
–
–
Loss on winding up of a subsidiary
-
(171,435)
–
–
Proceeds from disposal of property,
plant and equipment
539,776
110,927
1,200
–
Proceeds from disposal of asset
held for sale
–
985,834
–
–
Proceeds from disposal of
associates
4,414,900
–
–
–
Net (placement)/withdrawal of fixed
deposits with licensed banks
(10,573,305)
(26,750)
(8,008,049)
–
Interest received
321,630
170,055
679,770
631,910
Net Cash For Investing Activities
(21,164,343)
(8,010,189)
(13,851,201)
(415,835)
STATEMENTS OF
CASH FLOWS
(cont’d)
The accompanying Notes form an integral part of these Financial Statements.
