Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 88 STATEMENTS OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 (CONT’D) Distributable Shares Treasury Share grant Retained Total capital shares plan reserve earnings equity The Company RM RM RM RM RM RM Balance at 1 January 2022 118,441,045 (4,747,849) - 92,165,151 205,858,347 Profit after taxation/Total comprehensive income for the financial year - - - 15,236,383 15,236,383 Contribution by and distributions to owners of the Company: - Share grant plan - - 4,183,700 - 4,183,700 - Dividend - - - (64,409,007) (64,409,007) Balance at 31 December 2022 118,441,045 (4,747,849) 4,183,700 42,992,527 160,869,423 Balance at 1 January 2023 118,441,045 (4,747,849) 4,183,700 42,992,527 160,869,423 Profit after taxation/Total comprehensive income for the financial year - - - 51,144,154 51,144,154 Contribution by and distributions to owners of the Company: - Settlement of share grant plan - 1,008,780 (4,183,700) 3,174,920 - - Dividend - - - (40,844,736) (40,844,736) Balance at 31 December 2023 118,441,045 (3,739,069) - 56,466,865 171,168,841 The accompanying Notes form an integral part of these Financial Statements.
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