Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 110 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 5. REVENUE The Group The Company 2022 2021 2022 2021 RM RM RM RM Provision of services 484,589,645 418,495,231 - - Sale of goods 32,592,929 31,727,021 - - Dividend income from subsidiaries - - 26,890,468 90,483,564 Management fee from subsidiaries - - 49,800 49,800 517,182,574 450,222,252 26,940,268 90,533,364 The revenue represents sales which were recognised at a point in time. 6. FINANCE COSTS The Group The Company 2022 2021 2022 2021 RM RM RM RM Interest expense on: Bank borrowing 26,034 - - - Lease liabilities 804,827 614,836 - - 830,861 614,836 - - 7. NET IMPAIRMENT LOSSES ON FINANCIAL ASSETS The Group The Company 2022 2021 2022 2021 RM RM RM RM Impairment losses: - trade receivables (759,650) (64,043) - - Writeback of impairment losses: - trade receivables - 204,546 - - (759,650) 140,503 - -
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