Frontken Berhad Annual Report 2020

Annual Report 2020 88 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) Notes to the Financial Statements (cont’d) 5. REVENUE The Group The Company 2020 2019 2020 2019 RM RM RM RM Provision of services 341,429,815 305,136,879 – – Sale of goods 26,889,649 34,774,336 – – Dividend income from subsidiaries – – 65,771,356 28,541,623 Management fee from subsidiaries – – 49,800 46,800 368,319,464 339,911,215 65,821,156 28,588,423 The revenue represents sales which were recognised at a point in time. 6. FINANCE COSTS The Group The Company 2020 2019 2020 2019 RM RM RM RM Interest expense on:- Term loans 12,780 89,799 – – Lease liabilities 653,936 665,726 4,848 9,480 666,716 755,525 4,848 9,480 7. NET IMPAIRMENT LOSSES ON FINANCIAL ASSETS The Group The Company 2020 2019 2020 2019 RM RM RM RM Impairment losses: - trade receivables (202,171) – – – Writeback of impairment losses: - trade receivables – 2,200 – – - amount owing by subsidiaries – – – 271,455 (202,171) 2,200 – 271,455