Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 7 FINANCIAL HIGHLIGHTS (CONT’D) SUMMARISED GROUP FINANCIAL POSITION AS AT 31 DECEMBER (RM’000) 2018 2019 2020 2021 2022 Non-Current Assets 177,493 181,523 175,361 257,937 300,195 Current Assets 277,567 334,202 442,910 460,699 505,626 Total Assets 455,060 515,725 618,271 718,636 805,821 Share Capital 118,925 118,925 118,925 118,441 118,441 Reserves 206,115 258,047 321,070 382,415 430,028 Shareholders’ Equity 325,040 376,972 439,995 500,856 548,469 Non-Controlling Interests 19,604 21,776 27,039 34,225 39,454 Total Equity 344,644 398,748 467,034 535,081 587,923 Non-Current Liabilities 12,348 15,053 12,826 22,295 31,999 Current Liabilities 98,068 101,924 138,411 161,260 185,899 Total Liabilities 110,416 116,977 151,237 183,555 217,898 Total Equity and Liabilities 455,060 515,725 618,271 718,636 805,821 SUMMARISED GROUP CASH FLOWS YEAR ENDED 31 DECEMBER (RM’000) 2018 2019 2020 2021 2022 Net Cash Flows From Operating Activities 63,322 114,901 119,733 138,775 142,863 Net Cash Flows For Investing Activities (7,142) (12,113) (11,900) (86,212) (58,685) Net Cash Flows For Financing Activities (27,786) (33,711) (33,949) (61,084) (50,629) Net Increase/(Decrease) in Cash and Cash Equivalents 28,394 69,077 73,884 (8,521) 33,549 Effect of exchange differences 293 1,652 6,248 11,079 (8,467) Cash and Cash Equivalents at Beginning of Year 120,253 148,940 219,669 299,801 302,359 Cash and Cash Equivalents at End of Year 148,940 219,669 299,801 302,359 327,441 FINANCIAL ANALYSIS 2018 2019 2020 2021 2022 Turnover growth 10.3% 3.9% 8.4% 22.2% 14.9% Profit Before Tax Growth 63.9% 27.3% 18.7% 31.2% 16.6% Net Profit Growth 75.0% 32.4% 18.5% 27.5% 18.0% Pre-tax Profit Margin 23.1% 28.3% 31.0% 33.3% 33.8% Net Profit Margin 16.0% 20.3% 22.3% 23.2% 23.8% Return on Average Shareholders’ Equity 17.2% 19.7% 20.1% 22.2% 23.5% Return on Average Total Assets 11.8% 14.4% 14.5% 15.6% 16.2% Earnings Per Share (Sen) - Basic * 3.3 * 4.4 * 5.2 6.7 7.8 - Diluted ^ 3.3 ^ 4.4 ^ 5.2 # 6.7 # 7.8 * The earning per share have been adjusted to reflect the bonus issue of two for every one existing ordinary share which was completed on 30 April 2021. ^ The Group has not issued any dilutive potential ordinary shares and hence, the diluted earnings per share is equal to the basic earnings per share. # The potential conversion of warrants is anti-dilutive as its exercise price is higher than the average market price of the Company’s ordinary shares during the current financial period and hence, the diluted earnings per share is equal to the basic earnings per share.
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