Frontken Berhad Annual Report 2018

58 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 1. GENERAL INFORMATION =QN ,XVYJWb R\ J Y^KURL URVR]NM URJKRUR]b LXVYJWb RWLX[YX[J]NM JWM MXVRLRUNM RW 6JUJb\RJ JWM UR\]NM XW ]QN 6JRW 6J[TN] XO +^[\J 6JUJb\RJ <NL^[R]RN\ +N[QJM The principal activities of the Company are that of investment holding and provision of management services to its \^K\RMRJ[RN\ =QN Y[RWLRYJU JL]R_R]RN\ XO ]QN \^K\RMRJ[RN\ J[N MR\LUX\NM RW 7X]N ]X ]QN ࠰WJWLRJU \]J]NVNW]\ =QN [NPR\]N[NM XO࠰LN XO ]QN ,XVYJWb R\ UXLJ]NM J] + 5N_NU 6NPJW *_NW^N 22 3JUJW BJY 4`JW <NWP 4^JUJ 5^VY^[ 6JUJb\RJ =QN Y[RWLRYJU YUJLN XO K^\RWN\\ XO ]QN ,XVYJWb R\ UXLJ]NM J] <^R]N [M /UXX[ +UXLT / 9^\J] -JPJWPJW 9QRUNX -JVJW\J[J 7X " 3JUJW 8OO 3JUJW -JVJW\J[J 9N]JURWP 3JbJ <NUJWPX[ -J[^U .Q\JW 6JUJb\RJ =QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y JWM XO ]QN ,XVYJWb QJ_N KNNW J^]QX[R\NM Kb ]QN +XJ[M XO -R[NL]X[\ OX[ R\\^JWLN XW 6J[LQ " 2. BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS =QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN 0[X^Y J[N Y[NYJ[NM ^WMN[ ]QN QR\]X[RLJU LX\] LXW_NW]RXW JWM VXMR࠰NM ]X RWLU^MN X]QN[ KJ\N\ XO _JU^J]RXW J\ MR\LUX\NM RW X]QN[ \NL]RXW\ ^WMN[ \RPWR࠰LJW] JLLX^W]RWP YXURLRN\ JWM RW LXVYURJWLN `R]Q 6JUJb\RJW /RWJWLRJU ;NYX[]RWP <]JWMJ[M\ ۷6/;<\۸ 2W]N[WJ]RXWJU /RWJWLRJU ;NYX[]RWP <]JWMJ[M\ and the requirements XO ]QN ,XVYJWRN\ *L] RW 6JUJb\RJ -^[RWP ]QN L^[[NW] ࠰WJWLRJU bNJ[ ]QN 0[X^Y QJ\ JMXY]NM ]QN OXUUX`RWP WN` JLLX^W]RWP \]JWMJ[M\ JWM X[ RW]N[Y[N]J]RXW\ RWLU^MRWP ]QN LXW\NZ^NW]RJU JVNWMVNW]\ RO JWb # MFRSs and IC Interpretations (Including The Consequential Amendments) 6/;< " /RWJWLRJU 2W\][^VNW]\ 2/;< " J\ R\\^NM Kb 2*<+ RW 3^Ub MFRS 15 Revenue from Contracts with Customers IC Interpretation 22 Foreign Currency Transactions and Advance Consideration *VNWMVNW]\ ]X 6/;< # ,UJ\\R࠰LJ]RXW JWM 6NJ\^[NVNW] XO <QJ[N KJ\NM 9JbVNW] =[JW\JL]RXW\ *VNWMVNW]\ ]X 6/;< # *YYUbRWP 6/;< " /RWJWLRJU 2W\][^VNW]\ `R]Q 6/;< 2W\^[JWLN ,XW][JL]\ *VNWMVNW]\ ]X 6/;< # .OONL]R_N -J]N XO 6/;< *VNWMVNW]\ ]X 6/;< # ,UJ[R࠰LJ]RXW\ ]X 6/;< ۳;N_NW^N O[XV ,XW][JL]\ `R]Q ,^\]XVN[\۴ *VNWMVNW]\ ]X 6/;< # =[JW\ON[\ XO 2W_N\]VNW] 9[XYN[]b *WW^JU 2VY[X_NVNW]\ ]X 6/;< <]JWMJ[M\ ۮ ,bLUN\ * ۽ VNWMVNW]\ ]X 6/;< # -NUN]RXW XO <QX[] ]N[V .aNVY]RXW\ OX[ /R[\] ]RVN *MXY]N[\ * ۽ VNWMVNW]\ ]X 6/;< !# 6NJ\^[RWP JW *\\XLRJ]N X[ 3XRW] ?NW]^[N J] /JR[ ?JU^N =QN JMXY]RXW XO ]QN JKX_N JLLX^W]RWP \]JWMJ[M\ JWM RW]N[Y[N]J]RXW\ RWLU^MRWP ]QN LXW\NZ^NW]RJU JVNWMVNW]\ RO JWb MRM WX] QJ_N JWb VJ]N[RJU RVYJL] XW ]QN 0[X^Y۴\ ࠰WJWLRJU \]J]NVNW]\ X]QN[ ]QJW ]QN WN` LUJ\\R࠰LJ]RXW XO ࠰WJWLRJU J\\N]\ ^WMN[ 6/;< " `QRLQ R\ MR\LUX\NM RW 7X]N L ]X ]QN ࠰WJWLRJU \]J]NVNW]\ =QR\ R\ KNLJ^\N ]QN VNJ\^[NVNW] XO ࠰WJWLRJU J\\N]\ ^WMN[ 6/;< " JWM ]QN ]RVRWP JWM JVX^W] XO [N_NW^N [NLXPWR\NM ^WMN[ 6/;< J[N LXW\R\]NW] ]X ]QN 0[X^Y۴\ L^[[NW] Y[JL]RLN Notes To The Financial Statements