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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Decrease/(Increase) in:
Inventories
(968,022)
2,576,453
-
-
Amount owing by a contract
customer
1,837,000
(1,837,000)
-
-
Trade receivables
27,182,094
(28,237,306)
-
-
Other receivables and
prepaid expenses
(733,496)
(225,112)
25,634
(40,725)
Amount owing by associates
28,485
189,173
-
-
Increase/(Decrease) in:
Trade payables
(8,029,512)
14,960,491
-
-
Other payables and
accrued expenses
(4,748,405)
10,508,360
(455,447)
1,663,651
Cash Generated From/
(For) Operations
52,742,284
45,238,079
(2,653,136)
(31,982)
Taxes paid
(8,242,591)
(4,566,029)
-
-
Net Cash From/(For)
Operating Activities
44,499,693
40,672,050
(2,653,136)
(31,982)
CASH FLOWS (FOR)/FROM
INVESTING ACTIVITIES
Repayment from subsidiaries
-
-
5,252,690
836,520
Purchase of property, plant and
equipment
(7,196,780)
(8,470,048)
(2,849)
(17,780)
Dividend received from subsidiaries
-
-
4,634,439
3,694,760
Additional investment/acquisition
of subsidiaries (Note 11)
(6,862,024)
-
(5,103,100)
(11,037,622)
Net cash outflow on disposal/
acquisition of a subsidiary (Note 11)
(785,413)
(7,397,296)
-
-
Proceeds from disposal of property,
plant and equipment
77,955
539,776
-
1,200
Proceeds from disposal of a subsidiary
-
-
85,304
-
Proceeds from disposal of associates
-
4,414,900
-
-
Net withdrawal/(placement) of fixed
deposits with licensed banks
6,600,196
(10,573,305)
6,967,605
(8,008,049)
Interest received
780,339
321,630
879,365
679,770
Net Cash (For)/From
Investing Activities
(7,385,727)
(21,164,343)
12,713,454
(13,851,201)
The accompanying Notes form an integral part of these Financial Statements.
STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2015 (cont’d)