Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 79 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2022 The Group The Company 2022 2021 2022 2021 Note RM RM RM RM ASSETS Non-Current Assets Property, plant and equipment 11 229,265,006 197,794,915 12,742 5,307 Right-of-use assets 12 35,561,443 24,471,107 - - Investments in subsidiaries 13 - - 153,530,654 148,572,993 Other receivables 14 160,447 - - - Goodwill on consolidation 15 33,760,856 33,760,856 - - Deferred tax assets 16 1,447,198 1,909,744 - - Total Non-Current Assets 300,194,950 257,936,622 153,543,396 148,578,300 Current Assets Inventories 17 21,282,240 19,608,164 - - Trade receivables 14 124,086,038 115,599,901 - - Other receivables, deposits and prepaid expenses 14 17,752,015 10,123,616 63,689 69,142 Amount owing by subsidiaries 18 - - 1,350,000 4,175,000 Short-term investments 19 11,985,670 51,737,748 7,501,407 48,643,961 Fixed deposits with licensed banks 20 13,161,038 14,008,250 - - Cash and bank balances 317,358,590 249,621,250 2,775,298 9,837,068 Total Current Assets 505,625,591 460,698,929 11,690,394 62,725,171 Total Assets 805,820,541 718,635,551 165,233,790 211,303,471 The accompanying Notes form an integral part of these Financial Statements.
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