Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 104 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 6. FINANCE COSTS The Group The Company 2023 2022 2023 2022 RM RM RM RM Interest expense on: Bank borrowing 134,186 26,034 - - Lease liabilities 916,038 804,827 - - 1,050,224 830,861 - - 7. NET IMPAIRMENT LOSSES ON FINANCIAL ASSETS The Group The Company 2023 2022 2023 2022 RM RM RM RM Impairment losses: - trade receivables - (759,650) - - Reversal of impairment losses: - trade receivables 492,662 - - - 492,662 (759,650) - - 8. PROFIT BEFORE TAX Profit before tax is arrived at after crediting/(charging) the following: The Group The Company 2023 2022 2023 2022 RM RM RM RM Interest income from: - subsidiaries - - - 29,204 - third parties 4,521,453 1,247,179 454,958 178,495 Fair value gain on short-term investments 713,018 76,694 - - Gain on disposal of short-term investments 383,797 339,293 188,513 323,785 Gain on disposal of property, plant and equipment 928,886 34,057 - - Lease income from property, plant and equipment 1,261,065 1,135,617 - -
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