Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 84 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 The Group The Company 2023 2022 2023 2022 Note RM RM RM RM ASSETS Non-Current Assets Property, plant and equipment 11 236,222,624 229,265,006 13,982 12,742 Right-of-use assets 12 35,218,177 35,561,443 - - Investments in subsidiaries 13 - - 153,591,487 153,530,654 Other receivables 14 991,941 160,447 - - Goodwill on consolidation 15 33,760,856 33,760,856 - - Deferred tax assets 16 1,344,363 1,447,198 - - Total Non-Current Assets 307,537,961 300,194,950 153,605,469 153,543,396 Current Assets Inventories 17 22,330,210 21,282,240 - - Trade receivables 14 118,974,970 124,086,038 - - Other receivables, deposits and prepaid expenses 14 16,921,130 17,752,015 492,474 63,689 Amount owing by subsidiaries 18 - - 1,800,000 1,350,000 Short-term investments 19 32,647,658 11,985,670 17,369,607 7,501,407 Fixed deposits with licensed banks 20 70,840,138 13,161,038 4,458,381 - Cash and bank balances 316,172,678 317,358,590 738,468 2,775,298 Total Current Assets 577,886,784 505,625,591 24,858,930 11,690,394 Total Assets 885,424,745 805,820,541 178,464,399 165,233,790 The accompanying Notes form an integral part of these Financial Statements.
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