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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
The Group
The Company
Note
2015
2014
2015
2014
RM
RM
RM
RM
CASH FLOWS (FOR)/FROM
FINANCING ACTIVITIES
(Decrease)/Increase in amount owing
to subsidiaries
-
-
(2,275,689)
8,677,189
Treasury shares acquired
(33,751)
(369,268)
(33,751)
(369,268)
Proceeds from issuance of shares
7,564,855
-
7,564,855
-
Issue of shares by a subsidiary to
non-controlling interests
-
529,783
-
-
Repayment of term loans
(878,769)
(9,233,494)
(1,810,825)
(123,822)
Interest paid
(1,494,353)
(1,226,693)
(555,514)
(191,420)
Dividend paid by a subsidiary to
non-controlling interests
(1,806,882)
(3,212,123)
-
-
Drawdown of term loans
4,401,620
11,570,615
-
8,000,000
Payment of hire purchase payables
(1,506,234)
(2,484,662)
-
-
Net Cash From/(For)
Financing Activities
6,246,486
(4,425,842)
2,889,076
15,992,679
NET INCREASE IN CASH AND
CASH EQUIVALENTS
43,360,452
15,081,865
12,949,394
2,109,496
Effect of exchange rate changes
9,181,739
1,079,467
116,833
66,852
CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR
52,575,148
36,413,816
3,394,285
1,217,937
CASH AND CASH EQUIVALENTS
AT END OF YEAR
*
105,117,339
52,575,148
16,460,512
3,394,285
Note : During the financial year, the Group and the Company acquired property, plant and equipment at an aggregate cost
of RM7,196,780 and RM2,849 (2014 : RM9,081,615 and RM17,780), respectively, of which NIL and NIL (2014 :
RM611,567 and NIL), respectively, was acquired under hire-purchase arrangements.
*
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
CASH AND CASH EQUIVALENTS
Cash and bank balances
94,486,988
51,575,148
14,460,511
3,394,285
Fixed deposits with licensed banks
15,310,588
12,280,433
3,040,444
8,008,049
109,797,576
63,855,581
17,500,955
11,402,334
Less: Fixed deposits pledged with banks
(4,680,237)
(4,240,380)
(1,040,443)
(1,008,049)
Less: Fixed deposits with maturity
period more than 3 months
-
(7,040,053)
-
(7,000,000)
Cash and cash equivalents
105,117,339
52,575,148
16,460,512
3,394,285
The accompanying Notes form an integral part of these Financial Statements.
STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2015 (cont’d)