Frontken Berhad Annual Report 2020

Annual Report 2020 65 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) The Group The Company 2020 2019 2020 2019 RM RM RM RM CASH FLOWS (FOR)/FROM INVESTING ACTIVITIES Repayment from subsidiaries – – – 271,455 Purchase of property, plant and equipment (7,741,085) (7,016,576) (1,629) – Addition of right-of-use assets (680) (15,434) – – Dividend received from subsidiaries – – 36,158,583 28,038,195 Additional investment in an existing subsidiary (Note 13) (775,870) (2,636,981) (775,870) (2,636,981) Proceeds from disposal of property, plant and equipment 2,005,346 14,901 – – Net (placement)/withdrawal of fixed deposits with licensed banks (6,637,216) (3,608,920) – – Interest received 1,249,835 1,150,023 301,006 455,564 Net Cash (For)/From Investing Activities (11,899,670) (12,112,987) 35,682,090 26,128,233 CASH FLOWS FOR FINANCING ACTIVITIES Decrease in amount owing to subsidiaries (Note 30(a)) – – (3,431,325) (4,851,365) Drawdown of term loan 1,429,690 – – – Repayment of term loans (Note 30(a)) (2,272,639) (10,677,444) – – Interest paid (666,716) (755,525) (4,848) (9,480) Dividend paid by the Company (Note 27) (28,295,150) (18,863,433) (28,295,150) (18,863,433) Dividend paid by a subsidiary to non- controlling interests (756,391) (1,048,152) – – Payment of lease liabilities (3,387,979) (2,366,158) (97,272) (92,640) Net Cash For Financing Activities (33,949,185) (33,710,712) (31,828,595) (23,816,918) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 73,884,521 69,077,078 (1,141,406) (2,529,063) Effect of exchange rate changes 6,247,530 1,651,600 (244,239) (59,241) CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 219,668,745 148,940,067 11,521,904 14,110,208 CASH AND CASH EQUIVALENTS AT END OF YEAR (Note 30(b)) 299,800,796 219,668,745 10,136,259 11,521,904 Notes:- In the current financial year, the Group acquired right-of-use assets at an aggregate cost of RM668,642 (2019 : RM3,162,097), of which RM149,080 (2019 : RM129,434) was acquired under hire-purchase arrangements. The accompanying Notes form an integral part of these Financial Statements. Statements of Cash Flows for the financial year ended 31 December 2020 (cont’d)