Frontken Berhad Annual Report 2017

7 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2017 Financial Highlights (cont’d) SUMMARISED GROUP BALANCE SHEETS As At 31 Dec (RM’000) 2013 2014 2015 2016 2017 Non-Current Assets 171,779 173,019 172,843 190,575 188,706 Current Assets 130,379 183,363 217,040 217,187 242,385 Total Assets 302,158 356,382 389,883 407,762 431,091 Share Capital 101,141 101,141 105,344 105,344 118,925 Reserves 85,162 105,663 131,211 156,266 162,675 Shareholders’ Equity 186,303 206,804 236,555 261,610 281,600 Non-Controlling Interests 27,924 32,913 34,684 33,799 24,373 Total Equity 214,227 239,717 271,239 295,409 305,973 Non-Current Liabilities 29,484 28,341 32,331 25,420 16,061 Current Liabilities 58,447 88,324 86,313 86,933 109,057 Total Liabilities 87,931 116,665 118,644 112,353 125,118 Total Equity and Liabilities 302,158 356,382 389,883 407,762 431,091 SUMMARISED GROUP CASH FLOWS Year Ended 31 Dec (RM’000) 2013 2014 2015 2016 2017 Net Cash Flows From Operating Activities 36,681 40,672 44,500 44,424 69,029 Net Cash Flows For Investing Activities (8,010) (21,164) (7,386) (35,037) (32,078) Net Cash Flows (For)/From Financing Activities (34,105) (4,426) 6,246 (18,473) (8,389) Net (Decrease)/Increase in Cash and Cash Equivalents (5,434) 15,082 43,360 (9,086) 28,562 Effect of exchange differences 1,061 1,079 9,182 2,037 (6,377) Cash and Cash Equivalents at Beginning of Year 40,787 36,414 52,575 105,117 98,068 Cash and Cash Equivalents at End of Year 36,414 52,575 105,117 98,068 120,253 FINANCIAL ANALYSIS (RM’000) 2013 2014 2015 2016 2017 Turnover growth 5.3% 62.6% -9.5% -6.7% 13.3% Profit Before Tax Growth 82.5% 376.1% -43.2% 108.4% 38.4% Net Profit Growth -160.8% 909.0% -78.7% 400.1% 49.0% Pre-tax Profit Margin 3.1% 9.1% 5.7% 12.7% 15.6% Net Profit Margin -1.2% 6.1% 1.4% 7.7% 10.1% Gearing Ratio (Net of cash) (times) 0.0 0.0 0.0 0.0 0.0 Return on Average Shareholders’ Equity -1.3% 9.6% 1.8% 8.1% 11.0% Return on Average Total Assets -0.8% 5.7% 1.1% 5.0% 7.1% Loss/Earnings Per Share (Sen) - Basic -0.2 1.9 0.4 1.9 2.9 - Diluted #n/a #n/a ^ 0.4 ^ 1.9 ^ 2.9 # The diluted earnings per share was not presented as the average market value of the ordinary shares of the Company is lower than the exercise price for the outstanding warrants and any exercise of warrants would be antidilutive. ^ The Group has not issued any dilutive potential ordinary shares and hence, the diluted earnings per share is equal to the basic earnings per share.