Frontken Berhad Annual Report 2020

Annual Report 2020 114 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) Notes to the Financial Statements (cont’d) 23. RESERVES The Group The Company 2020 2019 2020 2019 RM RM RM RM Non-distributable: Foreign currency translation reserve 39,130,404 29,781,778 – – Statutory reserve 17,704,302 13,008,627 – – Distributable: Retained earnings 264,898,143 215,919,304 60,582,527 29,738,270 321,732,849 258,709,709 60,582,527 29,738,270 Foreign currency translation reserve Foreign currency translation differences arose from the translation of the financial statements of foreign subsidiaries and the Group’s share of an associate’s foreign currency translation differences are taken to the foreign currency translation reserve as described in the significant accounting policies. Statutory reserve The statutory reserve is maintained by the Group’s subsidiary in Taiwan in accordance with the regulations in that country. 24. LEASE LIABILITIES The Group The Company 2020 2019 2020 2019 RM RM RM RM At 1 January 14,963,954 14,141,859 97,272 189,912 Interest expense recognised in profit and loss 653,936 665,726 4,848 9,480 Derecognition due to lease modification (54,898) – – – Repayment of principal (3,387,979) (2,366,158) (97,272) (92,640) Repayment of interest expense (653,936) (665,726) (4,848) (9,480) Addition 667,962 3,146,663 – – Exchange difference 139,189 41,590 – – At 31 December 12,328,228 14,963,954 – 97,272 Analysed by:- Current liabilities 2,795,816 3,033,211 – 97,272 Non-current liabilities 9,532,412 11,930,743 – – At 31 December 12,328,228 14,963,954 – 97,272