Frontken Berhad Annual Report 2019

81 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 6 . FINANCE COSTS The Group The Company 2019 2018 2019 2018 RM RM RM RM Interest expense on:- Term loans 89,799 298,652 - 56,109 Hire purchase - 76,454 - - Lease liabilities 665,726 - 9,480 - Money market loan - 138,510 - - Bank overdrafts - 54,390 - - 755,525 568,006 9,480 56,109 7. NET IMPAIRMENT LOSSES ON FINANCIAL ASSETS The Group The Company 2019 2018 2019 2018 RM RM RM RM Impairment losses:- - trade receivables - 932,838 - - - amount owing by subsidiaries - - - 1,242,999 Writeback of impairment losses:- - trade receivables (2,200) (10,000) - - - amount owing by subsidiaries - - (271,455) - (2,200) 922,838 (271,455) 1,242,999 8. PROFIT BEFORE TAX Profit before tax is arrived at after crediting/(charging) the following:- The Group The Company 2019 2018 2019 2018 RM RM RM RM Interest income from:- - Subsidiaries - - - 70,885 - Third parties 1,150,023 917,220 455,564 479,102 Gain/(Loss) on foreign exchange - net:- - Unrealised 81,588 616,303 (20,673) (190,487) - Realised (561,779) (152,105) 109,821 39,099 Gain on disposal short-term investments 45,867 68,790 34,962 68,790 Gain on disposal of property, plant and equipment 14,417 164,099 - - Notes To The Financial Statements (cont’d)