Frontken Berhad Annual Report 2020

Annual Report 2020 58 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) The Group The Company 2020 2019 2020 2019 Note RM RM RM RM Revenue 5 368,319,464 339,911,215 65,821,156 28,588,423 Cost of sales (202,947,457) (191,805,811) – – Gross profit 165,372,007 148,105,404 65,821,156 28,588,423 Other income 11,025,441 3,888,752 600,929 604,127 Administrative expenses (50,434,081) (43,908,541) (6,208,955) (5,424,522) Other expenses (10,841,806) (11,070,833) (82,899) (243,507) Finance costs 6 (666,716) (755,525) (4,848) (9,480) Net impairment losses on financial assets 7 (202,171) 2,200 – 271,455 Profit before tax 8 114,252,674 96,261,457 60,125,383 23,786,496 Income tax expense 9 (25,934,916) (22,033,109) (985,976) (514,228) Profit after tax 88,317,758 74,228,348 59,139,407 23,272,268 Other comprehensive income, net of tax Items that Will Not be Reclassified Subsequently to Profit or Loss Actuarial (loss)/gain (74,211) 4,334 – – Items that Will be Reclassified Subsequently to Profit or Loss Foreign currency translation differences 10,211,008 2,261,473 – – Total comprehensive income for the financial year 98,454,555 76,494,155 59,139,407 23,272,268 Profit after tax attributable to:- Owners of the Company 81,967,529 69,170,350 59,139,407 23,272,268 Non-controlling interests 6,350,229 5,057,998 – – 88,317,758 74,228,348 59,139,407 23,272,268 Total comprehensive income attributable to:- Owners of the Company 91,213,507 71,290,923 59,139,407 23,272,268 Non-controlling interests 7,241,048 5,203,232 – – 98,454,555 76,494,155 59,139,407 23,272,268 Earnings per ordinary share attributable to owners of the Company Basic (sen) 10 7.82 6.60 Diluted (sen) 10 7.82 6.60 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME for the financial year ended 31 December 2020 The accompanying Notes form an integral part of these Financial Statements.