55
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
1.
GENERAL INFORMATION
The Company is a public limited liability company, incorporated and domiciled in Malaysia, and listed on the
Main Market of Bursa Malaysia Securities Berhad.
The principal activity of the Company is that of investment holding and provision of management services to
its subsidiaries.
The principal activities of the subsidiaries are disclosed in Note 12 to the financial statements.
There have been no significant changes in the nature of the activities of the Company and of its subsidiaries
during the financial year.
The registered office of the Company is located at B-11-10, Level 11, Megan Avenue II, Jalan Yap Kwan Seng,
50450 Kuala Lumpur, Malaysia.
The principal place of business of the Company is located at Suite 301, Block F, Pusat Dagangan Phileo
Damansara 1, No. 9, Jalan 16/11, Off Jalan Damansara, 46350 Petaling Jaya, Selangor Darul Ehsan, Malaysia.
The financial statements of the Group and of the Company have been authorised by the Board of Directors
for issuance on 23 April 2015.
2.
BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS
The financial statements of the Group are prepared under the historical cost convention and modified to
include other bases of valuation as disclosed in other sections under significant accounting policies, and
in compliance with Malaysian Financial Reporting Standards (“MFRSs”), International Financial Reporting
Standards and the requirements of the Companies Act 1965 in Malaysia.
2.1 During the current financial year, the Group has adopted the following new accounting standards and
interpretations (including the consequential amendments, if any):-
MFRSs and IC Interpretations (Including The Consequential Amendments)
Amendments to MFRS 10, MFRS 12 and MFRS 127 (2011): Investment Entities
Amendments to MFRS 132: Offsetting Financial Assets and Financial Liabilities
Amendments to MFRS 136: Recoverable Amount Disclosures for Non-financial Assets
Amendments to MFRS 139: Novation of Derivatives and Continuation of Hedge Accounting
IC Interpretation 21 Levies
The adoption of the above accounting standards and interpretations (including the consequential
amendments) did not have any material impact on the Group’s financial statements.
