Frontken Berhad Annual Report 2023

Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 7 FINANCIAL HIGHLIGHTS (CONT’D) SUMMARISED GROUP FINANCIAL POSITION AS AT 31 DECEMBER (RM’000) 2019 2020 2021 2022 2023 Non-Current Assets 181,523 175,361 257,937 300,195 307,538 Current Assets 334,202 442,910 460,699 505,626 577,887 Total Assets 515,725 618,271 718,636 805,821 885,425 Share Capital 118,925 118,925 118,441 118,441 118,441 Reserves 258,047 321,070 382,415 430,028 522,726 Shareholders’ Equity 376,972 439,995 500,856 548,469 641,167 Non-Controlling Interests 21,776 27,039 34,225 39,454 46,735 Total Equity 398,748 467,034 535,081 587,923 687,902 Non-Current Liabilities 15,053 12,826 22,295 31,999 31,109 Current Liabilities 101,924 138,411 161,260 185,899 166,414 Total Liabilities 116,977 151,237 183,555 217,898 197,523 Total Equity and Liabilities 515,725 618,271 718,636 805,821 885,425 SUMMARISED GROUP CASH FLOWS YEAR ENDED 31 DECEMBER (RM’000) 2019 2020 2021 2022 2023 Net Cash Flows From Operating Activities 114,901 119,733 138,775 142,863 143,999 Net Cash Flows For Investing Activities (12,113) (11,900) (86,212) (58,685) (8,708) Net Cash Flows For Financing Activities (33,711) (33,949) (61,084) (50,629) (71,801) Net Increase/(Decrease) in Cash and Cash Equivalents 69,077 73,884 (8,521) 33,549 63,490 Effect of exchange differences 1,652 6,248 11,079 (8,467) 13,440 Cash and Cash Equivalents at Beginning of Year 148,940 219,669 299,801 302,359 327,441 Cash and Cash Equivalents at End of Year 219,669 299,801 302,359 327,441 404,371 FINANCIAL ANALYSIS 2019 2020 2021 2022 2023 Turnover growth 3.9% 8.4% 22.2% 14.9% -3.3% Profit Before Tax Growth 27.3% 18.7% 31.2% 16.6% -4.4% Net Profit Growth 32.4% 18.5% 27.5% 18.0% -9.2% Pre-tax Profit Margin 28.3% 31.0% 33.3% 33.8% 33.4% Net Profit Margin 20.3% 22.3% 23.2% 23.8% 22.4% Return on Average Shareholders’ Equity 19.7% 20.1% 22.2% 23.5% 18.8% Return on Average Total Assets 14.4% 14.5% 15.6% 16.2% 13.2% Earnings Per Share (Sen) - Basic * 4.4 * 5.2 6.7 7.8 7.1 - Diluted ^ 4.4 ^ 5.2 # 6.7 # 7.8 # 7.1 * 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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