Table of Contents
1
138
Frontken Berhad Annual Report 2017
ANNUAL REPORT 2017
1
CONTENTS
2
Corporate Information
3
Group Corporate Structure
4
Our Vision, Mission & Profile
5
Our Services
6
Financial Highlights
7
Chairman’s Message
9
Financial Review
13
Board Of Directors’ Profile
15
Senior Management’s Profile
18
Sustainability Report
21
Statement Of Directors’ Responsibilities
23
Corporate Governance Overview Statement
24
Statement On Risk Management And Internal Control
31
Audit Committee Report
35
Additional Disclosure
38
CONTENTS (Financial Statements)
39
Directors’ Report
40
Independent Auditors’ Report
44
Statements Of Profit Or Loss And Other Comprehensive Income
47
Statements Of Financial Position
48
Statements Of Changes In Equity
50
Statements Of Cash Flows
53
Notes To The Financial Statements
56
1. GENERAL INFORMATION
56
2. BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS
56
3. SIGNIFICANT ACCOUNTING POLICIES
58
4. OPERATING SEGMENTS
72
5. REVENUE
77
6. FINANCE COSTS
78
7. PROFIT BEFORE TAX
78
8. INCOME TAX EXPENSE
80
9. EARNINGS PER SHARE
82
10. PROPERTY, PLANT AND EQUIPMENT
83
11. INVESTMENTS IN SUBSIDIARIES
89
12. INVESTMENT IN AN ASSOCIATE
94
13. GOODWILL ON CONSOLIDATION
95
14. DEFERRED TAX ASSETS/LIABILITIES
96
15. FIXED DEPOSITS WITH LICENSED BANKS
97
16. INVENTORIES
97
17. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES
98
18. AMOUNTS OWING BY/TO SUBSIDIARIES
99
19. SHORT-TERM INVESTMENTS
100
20. SHARE CAPITAL
100
21. RESERVES
101
22. TERM LOANS
102
23. HIRE PURCHASE PAYABLES
103
24. TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES
103
25. BANK BORROWINGS
109
26. DIVIDEND
110
27. FINANCIAL INSTRUMENTS
110
28. COMMITMENTS
122
29. CASH FLOW INFORMATION
123
30. SIGNIFICANT EVENT DURING THE FINANCIAL YEAR
124
31. FOREIGN EXCHANGE RATES
124
Statement By Directors
125
Declaration By The Officer
125
List Of Properties
126
Shareholding Statistics
129
Notice Of Annual General Meeting
131
PROXY FORM
136
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