54
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
The Group
The Company
2014
2013
2014
2013
RM
RM
RM
RM
CASH FLOWS (FOR)/FROM
FINANCING ACTIVITIES
Decrease in amount owing
to subsidiaries
–
–
8,677,189
(279,556)
Treasury shares acquired
(369,268)
(867)
(369,268)
(867)
Issue of shares by a subsidiary to
non-controlling interests
529,783
–
–
–
Repayment of term loans
(9,233,494)
(28,780,397)
(123,822)
–
Interest paid
(1,226,693)
(1,451,334)
(191,420)
(77,823)
Dividend paid by a subsidiary to
non-controlling interests
(3,212,123)
(409,315)
–
–
Drawdown of term loans
11,570,615
–
8,000,000
–
Payment of hire purchase payables
(2,484,662)
(3,463,099)
–-
–
Net Cash (For)/From
Financing Activities
(4,425,842)
(34,105,012)
15,992,679
(358,246)
NET INCREASE/(DECREASE) IN
CASH AND CASH EQUIVALENTS
15,081,865
(5,434,364)
2,109,496
(2,205,347)
Effect of exchange rate changes
1,079,467
1,061,641
66,852
(639)
CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR
36,413,816 40,786,539
1,217,937
3,423,923
CASH AND CASH EQUIVALENTS
AT END OF YEAR
*
52,575,148 36,413,816
3,394,285
1,217,937
Note : During the financial year, the Group and the Company acquired property, plant and equipment at an
aggregate cost of RM9,081,615 and RM17,780 (2013 : RM6,279,920 and RM5,000), respectively, of
which RM611,567 and NIL (2013 : RM943,381 and NIL), respectively, was acquired under hire-purchase
arrangements.
*
The Group
The Company
2014
2013
2014
2013
RM
RM
RM
RM
CASH AND CASH EQUIVALENTS
Cash and bank balances
51,575,148 35,463,816
3,394,285
267,937
Fixed deposits with licensed banks
12,280,433
1,647,742
8,008,049
950,000
63,855,581 37,111,558
11,402,334
1,217,937
Less: Fixed deposits pledged with banks
(4,240,380)
(482,406)
(1,008,049)
–
Less: Fixed deposits with maturity
period more than 3 months
(7,040,053)
(215,336)
(7,000,000)
–
Cash and cash equivalents
52,575,148 36,413,816
3,394,285
1,217,937
The accompanying Notes form an integral part of these Financial Statements.
STATEMENTS OF
CASH FLOWS
(cont’d)
