Frontken Berhad Annual Report 2017

53 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2017 The Group The Company 2017 2016 2017 2016 RM RM RM RM (Increase)/Decrease in: Inventories (2,955,410) 752,679 - - Trade receivables 2,180,666 (5,097,661) - - Other receivables and prepaid expenses (424,370) 1,172,632 13,997 (23,556) Amount owing by an associate 1,698 (3,771) - - (Decrease)/Increase in: Trade payables (1,354,959) (11,074,834) - - Other payables and accrued expenses 9,419,139 15,324,322 956,353 (138,524) Cash Generated From/(For) Operations 76,930,418 51,105,459 (2,981,873) (2,979,967) Taxes paid (7,901,643) (6,681,818) - - Net Cash From/(For) Operating Activities 69,028,775 44,423,641 (2,981,873) (2,979,967) CASH FLOWS (FOR)/FROM INVESTING ACTIVITIES Repayment from subsidiaries - - 9,000,836 8,435,398 Purchase of property, plant and equipment (20,152,154) (27,730,908) (830) (2,929) Dividend received from subsidiaries - - 14,800,304 4,268,995 Additional investment/acquisition of subsidiaries (Note 11) (13,273,927) (7,399,144) (13,273,927) (7,399,142) Proceeds from disposal of property, plant and equipment 138,530 188,769 - - Withdrawal/(Placement) of short-term investments 2,197,876 (2,243,001) - - Net (placement)/withdrawal of fixed deposits with licensed banks (1,833,200) 1,377,357 (31,986) (32,254) Interest received 844,780 769,559 514,753 593,490 Net Cash (For)/From Investing Activities (32,078,095) (35,037,368) 11,009,150 5,863,558 The accompanying Notes form an integral part of these Financial Statements. Statements Of Cash Flows For The Year Ended 31 December 2017 (cont’d)