Frontken Berhad Annual Report 2023

Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 124 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 14. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES (CONT’D) Other receivables, deposits and prepaid expenses consist of: The Group The Company 2023 2022 2023 2022 RM RM RM RM Other receivables 2,685,217 11,201,074 16,405 38,319 Deposits 4,035,143 3,636,520 447,195 4,850 Prepayments 11,192,711 3,074,868 28,874 20,520 17,913,071 17,912,462 492,474 63,689 Less: Other receivables (included under non-current assets) (991,941) (160,447) - - Current assets 16,921,130 17,752,015 492,474 63,689 Included in other receivables of the Group is defined benefit plan of RM869,194. (2022: Nil). The detailed information is disclosed in Note 26(a) to the financial statements. Included in prepayments of the Group is advance payments to suppliers of RM8,958,869 (2022: RM1,237,033) which will be netted-off against subsequent purchase. 15. GOODWILL ON CONSOLIDATION The Group 2023 2022 RM RM At 1 January/31 December 33,760,856 33,760,856 Goodwill acquired in a business combination is allocated, at acquisition, to the cash-generating unit (“CGU”) that is expected to benefit from that business combination. The carrying amounts of the goodwill allocated to each CGU are as follows: The Group 2023 2022 RM RM FEM 805,812 805,812 AGTC 24,588,453 24,588,453 TTES 8,366,591 8,366,591 33,760,856 33,760,856 The Group tests goodwill annually for impairment, or more frequently if there are indications that goodwill might be impaired.

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