Frontken Berhad Annual Report 2018

43 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 TREASURY SHARES -^[RWP ]QN ࠰WJWLRJU bNJ[ ]QN ,XVYJWb MRM WX] Y^[LQJ\N R]\ R\\^NM X[MRWJ[b \QJ[N\ O[XV ]QN XYNW VJ[TN] =QN \QJ[N\ Y^[LQJ\NM J[N KNRWP QNUM J\ ][NJ\^[b \QJ[N\ RW JLLX[MJWLN `R]Q <NL]RXW XO ]QN ,XVYJWRN\ *L] JWM J[N Y[N\NW]NM J\ J MNM^L]RXW O[XV ]X]JU NZ^R]b *\ J] -NLNVKN[ ! ]QN ,XVYJWb QNUM ][NJ\^[b \QJ[N\ J] J LJ[[bRWP JVX^W] XO ;6 =QN MN]JRU\ XW ]QN ][NJ\^[b \QJ[N\ J[N MR\LUX\NM RW 7X]N ]X ]QN ࠰WJWLRJU \]J]NVNW]\ SHARE OPTIONS 7X XY]RXW\ QJ_N KNNW P[JW]NM Kb ]QN ,XVYJWb ]X JWb YJ[]RN\ M^[RWP ]QN ࠰WJWLRJU bNJ[ ]X ]JTN ^Y ^WR\\^NM \QJ[N\ XO ]QN ,XVYJWb 7X \QJ[N\ QJ_N KNNW R\\^NM M^[RWP ]QN ࠰WJWLRJU bNJ[ Kb _R[]^N XO ]QN NaN[LR\N XO JWb XY]RXW ]X ]JTN ^Y ^WR\\^NM \QJ[N\ XO ]QN ,XVYJWb *\ XO ]QN NWM XO ]QN ࠰WJWLRJU bNJ[ ]QN[N `N[N WX ^WR\\^NM \QJ[N\ XO ]QN ,XVYJWb ^WMN[ XY]RXW\ OTHER FINANCIAL INFORMATION +NOX[N ]QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb `N[N VJMN X^] ]QN MR[NL]X[\ ]XXT [NJ\XWJKUN \]NY\# (a) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of allowance OX[ RVYJR[VNW] UX\\N\ XW [NLNR_JKUN\ JWM QJM \J]R\࠰NM ]QNV\NU_N\ ]QJ] JUU TWX`W KJM MNK]\ QJM KNNW `[R]]NW XOO JWM that adequate allowance had been made for impairment losses on receivables; and (b) to ensure that any current assets which were unlikely to realise their book values in the ordinary course of business had KNNW `[R]]NW MX`W ]X ]QNR[ N\]RVJ]NM [NJUR\JKUN _JU^N\ *] ]QN MJ]N XO ]QR\ [NYX[] ]QN MR[NL]X[\ J[N WX] J`J[N XO JWb LR[L^V\]JWLN\# (a) which would cause the amount written off for bad debts or the amount of allowance for impairment losses on receivables RW ]QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb ]X KN RWJMNZ^J]N ]X JWb \^K\]JW]RJU Na]NW]$ X[ K `QRLQ `X^UM [NWMN[ ]QN _JU^N\ J]][RK^]NM ]X L^[[NW] J\\N]\ RW ]QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb misleading; or L `QRLQ QJ_N J[R\NW `QRLQ [NWMN[ JMQN[NWLN ]X ]QN NaR\]RWP VN]QXM XO _JU^J]RXW XO J\\N]\ X[ URJKRUR]RN\ XO ]QN 0[X^Y JWM of the Company misleading or inappropriate; or M WX] X]QN[`R\N MNJU] `R]Q RW ]QR\ [NYX[] X[ ]QN ࠰WJWLRJU \]J]NVNW]\ `QRLQ `X^UM [NWMN[ JWb JVX^W] \]J]NM RW ]QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb VR\UNJMRWP *] ]QN MJ]N XO ]QR\ [NYX[] ]QN[N MXN\ WX] NaR\]# J JWb LQJ[PN XW ]QN J\\N]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb `QRLQ QJ\ J[R\NW \RWLN ]QN NWM XO ]QN ࠰WJWLRJU bNJ[ `QRLQ secures the liability of any other person; or K JWb LXW]RWPNW] URJKRUR]b XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb `QRLQ QJ\ J[R\NW \RWLN ]QN NWM XO ]QN ࠰WJWLRJU bNJ[ No contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve months JO]N[ ]QN NWM XO ]QN ࠰WJWLRJU bNJ[ `QRLQ RW ]QN XYRWRXW XO ]QN MR[NL]X[\ `RUU X[ VJb \^K\]JW]RJUUb JOONL] ]QN JKRUR]b XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb ]X VNN] ]QNR[ XKURPJ]RXW\ J\ JWM `QNW ]QNb OJUU M^N 2W ]QN XYRWRXW XO ]QN MR[NL]X[\ WX R]NV ][JW\JL]RXW X[ N_NW] XO J VJ]N[RJU JWM ^W^\^JU WJ]^[N QJ\ J[R\NW RW ]QN RW]N[_JU KN]`NNW ]QN NWM XO ]QN ࠰WJWLRJU bNJ[ JWM ]QN MJ]N XO ]QR\ [NYX[] `QRLQ R\ URTNUb ]X JOONL] \^K\]JW]RJUUb ]QN [N\^U]\ XO ]QN XYN[J]RXW\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb OX[ ]QN \^LLNNMRWP ࠰WJWLRJU bNJ[ Directors’ Report (cont’d)