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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
18.
TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES (CONT’D)
The related parties and their relationships with the Group are as follows:
Name of related parties
Relationship
A & I Engine Rebuilders Sdn. Bhd.
A company in which Sia Chiok Meng, a director of a subsidiary, is also a director
and has a financial interest.
AMT Engineering Sdn. Bhd.
A company in which Sia Chiok Meng, a director of a subsidiary, is also a director
and has a financial interest.
Tenaga-Tech (M) Sdn. Bhd.
A company in which Mohd Shukri Bin Hitam and Fauziah Binti Hamlawi,
directors of a subsidiary, are also directors and have financial interest.
Cleanpart Dresden GmbH &
Co. Kg
Jorg Helmut Hohnloser, a director and shareholder of the Company, is also a
board member and shareholder of Cleanpart.
Frontken (Thailand) Co., Ltd.
An associated company.
Transactions undertaken with related parties during the financial year are as follows:
The Group
2015
2014
RM
RM
A & I Engine Rebuilders Sdn. Bhd.
Sales
1,340
3,190
AMT Engineering Sdn. Bhd.
Sales
43,840
75,789
Purchases
1,089
22,447
Rental expense
144,000
144,000
Tenaga-Tech (M) Sdn. Bhd.
Purchases
609,010
609,492
Rental expense
107,870
57,338
Cleanpart Dresden GmbH & Co. Kg
Sales
118,077
110,795
Frontken (Thailand) Co., Ltd.
Purchases
27,554
142,888
Other receivables, deposits and prepaid expenses consist of:
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Other receivables
3,061,911
3,350,833
14,482
38,602
Allowance for impairment losses
-
(1,006,445)
-
-
3,061,911
2,344,388
14,482
38,602
Deposits
1,994,243
1,806,628
4,830
4,830
Prepayments
1,067,846
1,133,148
19,350
20,864
6,124,000
5,284,164
38,662
64,296
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)