Frontken Berhad Annual Report 2018

7 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 Financial Highlights (cont’d) SUMMARISED GROUP BALANCE SHEETS As At 31 Dec (RM’000) 2014 2015 2016 2017 2018 Non-Current Assets 173,019 172,843 190,575 188,706 177,493 Current Assets 183,363 217,040 217,187 242,385 277,567 Total Assets 356,382 389,883 407,762 431,091 455,060 Share Capital 101,141 105,344 105,344 118,925 118,925 Reserves 105,663 131,211 156,266 162,675 206,115 Shareholders’ Equity 206,804 236,555 261,610 281,600 325,040 Non-Controlling Interests 32,913 34,684 33,799 24,373 19,604 Total Equity 239,717 271,239 295,409 305,973 344,644 Non-Current Liabilities 28,341 32,331 25,420 16,061 12,348 Current Liabilities 88,324 86,313 86,933 109,057 98,068 Total Liabilities 116,665 118,644 112,353 125,118 110,416 Total Equity and Liabilities 356,382 389,883 407,762 431,091 455,060 SUMMARISED GROUP CASH FLOWS Year Ended 31 Dec (RM’000) 2014 2015 2016 2017 2018 Net Cash Flows From Operating Activities 40,672 44,500 44,424 69,029 63,322 Net Cash Flows For Investing Activities (21,164) (7,386) (35,037) (32,078) (7,142) Net Cash Flows (For)/From Financing Activities (4,426) 6,246 (18,473) (8,389) (27,786) Net Increase/(Decrease) in Cash and Cash Equivalents 15,082 43,360 (9,086) 28,562 28,394 Effect of exchange differences 1,079 9,182 2,037 (6,377) 293 Cash and Cash Equivalents at Beginning of Year 36,414 52,575 105,117 98,068 120,253 Cash and Cash Equivalents at End of Year 52,575 105,117 98,068 120,253 148,940 FINANCIAL ANALYSIS (RM’000) 2014 2015 2016 2017 2018 Turnover growth 62.6% -9.5% -6.7% 13.3% 10.3% Profit Before Tax Growth 376.1% -43.2% 108.4% 38.4% 63.9% Net Profit Growth 909.0% -78.7% 400.1% 49.0% 75.0% Pre-tax Profit Margin 9.1% 5.7% 12.7% 15.6% 23.1% Net Profit Margin 6.1% 1.4% 7.7% 10.1% 16.0% Gearing Ratio (Net of cash) (times) 0.0 0.0 0.0 0.0 0.0 Return on Average Shareholders’ Equity 9.6% 1.8% 8.1% 11.0% 17.2% Return on Average Total Assets 5.7% 1.1% 5.0% 7.1% 11.8% Earnings Per Share (Sen) - Basic 1.9 0.4 1.9 2.9 5.0 - Diluted #n/a ^ 0.4 ^ 1.9 ^ 2.9 ^ 5.0 # 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 .