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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
CASH FLOWS FROM/(FOR)
OPERATING ACTIVITIES
Profit before tax
15,998,086
28,139,842
178,853
1,609,481
Adjustments for:
Depreciation of property,
plant and equipment
18,132,726
18,423,125
23,816
19,697
Interest expense
1,494,353
1,226,693
555,514
191,420
Allowance for impairment
loss on plant and equipment
1,713,303
963,857
-
-
Unrealised (gain)/loss on
foreign exchange
(2,918,303)
(1,215,953)
2,217,362
699,660
Allowance for impairment
losses on receivables
294,518
823,534
-
-
Impairment loss on investment
in subsidiaries
-
-
441,468
215,187
Inventories written down to
net realisable value
52,272
937,972
-
-
Inventories written off
146,823
-
-
-
Bad debts written off
-
427,195
-
-
Property, plant and
equipment written off
2,919,978
325,553
-
-
Share of results in associates
(25,186)
(25,331)
-
-
Loss on disposal of investment
in a subsidiary
1,870,011
-
323,468
-
Interest income
(780,339)
(321,630)
(879,365)
(679,770)
(Gain)/Loss on disposal of property,
plant and equipment
(6,669)
756,827
-
(1,200)
Reversal of allowance for impairment
loss on amount owing by subsidiaries
-
-
-
(14,623)
Writeback of allowance for impairment
losses on trade receivables
(717,433)
(148,158)
-
-
Gain on disposal of investment
in associates
-
(2,945,303)
-
-
Gain on dilution of investment
in subsidiaries
-
(65,203)
-
-
Dividend income from subsidiaries
-
-
(5,084,439)
(3,694,760)
Operating Profit/(Loss) Before
Working Capital Changes
38,174,140
47,303,020
(2,223,323)
(1,654,908)
The accompanying Notes form an integral part of these Financial Statements.
STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2015