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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
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 11 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 29 March 2016.
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 119: Defined Benefit Plans – Employee Contributions
Annual Improvements to MFRSs 2010 – 2012 Cycle
Annual Improvements to MFRSs 2011 – 2013 Cycle
The adoption of the above accounting standards and interpretations (including the consequential amendments, if
any) did not have any material impact on the Group’s financial statements.
2.2 The Group has not applied in advance the following accounting standards and interpretations (including the
consequential amendments, if any) that have been issued by the Malaysian Accounting Standards Board (MASB)
but are not yet effective for the current financial year:-
MFRSs and/or IC Interpretations (Including The Consequential Amendments)
Effective Date
MFRS 9 Financial Instruments (IFRS 9 issued by IASB in July 2014)
1 January 2018
MFRS 15 Revenue from Contracts with Customers & Amendments to MFRS 15:
Effective Date of MFRS 15
11 January 2018
Amendments to MFRS 10 and MFRS 128 (2011): Sale or Contribution of Assets between
an Investor and its Associate or Joint Venture
Deferred until
further notice
Amendments to MFRS 11: Accounting for Acquisitions of Interests in Joint Operations
1 January 2016
Amendments to MFRS 10, MFRS 12 and MFRS 128 (2011): Investment Entities –
Applying the Consolidation Exception
1 January 2016
Amendments to MFRS 101: Presentation of Financial Statements – Disclosure Initiative
1 January 2016
Amendments to MFRS 116 and MFRS 138: Clarification of Acceptable Methods of
Depreciation and Amortisation
1 January 2016
Amendments to MFRS 116 and MFRS 141: Agriculture – Bearer Plants
1 January 2016
Amendments to MFRS 127 (2011): Equity Method in Separate Financial Statements
1 January 2016
Annual Improvements to MFRSs 2012 – 2014 Cycle
1 January 2016
NOTES TO THE FINANCIAL STATEMENTS