Frontken Berhad Annual Report 2017

54 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2017 The Group The Company 2017 2016 2017 2016 RM RM RM RM CASH FLOWS FOR FINANCING ACTIVITIES Decrease in amount owing to subsidiaries (Note 29(a)) - - (5,754,789) (1,680,840) Treasury shares acquired - (64,491) - (64,491) Repayment of term loans (Note 29(a)) (7,883,738) (30,567,224) (2,090,577) (1,936,843) Interest paid (931,264) (1,146,951) (194,461) (340,916) Dividend paid by the Company (Note 26) (5,239,843) - (5,239,843) - Dividend paid by a subsidiary to non- controlling interests (1,984,852) (2,151,371) - - Drawdown of term loans (Note 29(a)) 7,901,920 16,146,540 - - Payment of hire purchase payables (Note 29(a)) (251,063) (689,599) - - Net Cash For Financing Activities (8,388,840) (18,473,096) (13,279,670) (4,023,090) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 28,561,840 (9,086,823) (5,252,393) (1,139,499) Effect of exchange rate changes (6,376,820) 2,037,383 (374,697) 63,094 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 98,067,899 105,117,339 15,384,107 16,460,512 CASH AND CASH EQUIVALENTS AT END OF YEAR (Note 29(b)) 120,252,919 98,067,899 9,757,017 15,384,107 Note : During the financial year, the Group and the Company acquired property, plant and equipment at an aggregate cost of RM20,152,154 and RM830 (2016 : RM27,900,908 and RM2,929), respectively, of which NIL and NIL (2016 : RM170,000 and NIL), respectively, was acquired under hire-purchase arrangements. The accompanying Notes form an integral part of these Financial Statements. Statements Of Cash Flows For The Year Ended 31 December 2017 (cont’d)