Frontken Berhad Annual Report 2020

Annual Report 2020 59 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) The accompanying Notes form an integral part of these Financial Statements. STATEMENTS OF FINANCIAL POSITION as at 31 December 2020 The Group The Company 2020 2019 2020 2019 Note RM RM RM RM ASSETS Non-Current Assets Property, plant and equipment 11 121,687,511 125,735,869 2,301 2,177 Right-of-use assets 12 17,309,864 19,730,568 – 94,956 Investments in subsidiaries 13 – – 144,332,559 143,556,689 Goodwill on consolidation 14 33,760,856 33,760,856 – – Deferred tax assets 15 2,602,639 2,295,497 – – Total Non-Current Assets 175,360,870 181,522,790 144,334,860 143,653,822 Current Assets Inventories 16 19,976,192 15,101,449 – – Trade receivables 17 103,137,347 86,299,711 – – Other receivables, deposits and prepaid expenses 17 7,531,333 7,380,110 25,467 79,779 Amount owing by subsidiaries 18 – – 28,788,798 162,000 Current tax assets 75,147 – – – Short-term investments 19 8,332,527 10,684,259 3,302,234 9,219,642 Fixed deposits with licensed banks 20 13,389,638 17,575,702 – – Cash and bank balances 290,468,269 197,161,206 6,834,025 2,302,262 Total Current Assets 442,910,453 334,202,437 38,950,524 11,763,683 Total Assets 618,271,323 515,725,227 183,285,384 155,417,505