Frontier Services Group Balance Sheet

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	133.8	163.86	198.11	186.79	267.43	318.68
Short-Term Investments	-	29.74	23.63	20.98	37.04	61.94
Cash & Short-Term Investments	133.8	193.6	221.74	207.77	304.47	380.62
Cash Growth	-33.71%	-12.69%	6.72%	-31.76%	-20.01%	-3.92%
Accounts Receivable	264.85	245.63	302.64	293.68	207.54	155.46
Other Receivables	4.21	10.42	9.18	13.89	14.21	16.16
Receivables	269.06	256.05	311.82	307.57	221.75	171.62
Inventory	6.21	5.61	5	5.32	4.72	3.22
Prepaid Expenses	81.58	18.65	29.66	20.77	25.32	33.43
Other Current Assets	1.26	40.85	-	3.86	7.13	10.1
Total Current Assets	491.89	514.76	568.23	545.28	563.4	598.98
Property, Plant & Equipment	143.58	154.99	132.58	143.92	193.71	220.35
Long-Term Investments	11.42	11.23	49.56	46.89	44.38	40.39
Goodwill	-	160.66	212.35	238.53	238.53	-
Other Intangible Assets	191.74	35.1	44.28	67.36	81.46	7.65
Long-Term Deferred Tax Assets	-	-	0.13	0.07	6.25	17.64
Other Long-Term Assets	36.36	34.29	49.34	49.4	45.76	54.92
Total Assets	874.99	911.02	1,056	1,091	1,173	939.92
Accounts Payable	92.4	95.12	141.02	154.06	69.65	60.22
Accrued Expenses	-	34.45	44.76	41.94	33.35	25.64
Current Portion of Long-Term Debt	80	140	209.05	-	21.44	18.44
Current Portion of Leases	5.08	7.75	6.7	24.42	30.82	54.58
Current Income Taxes Payable	16.82	16.44	15.58	13.9	6.88	0.1
Current Unearned Revenue	-	-	3.93	9.09	34.16	4.73
Other Current Liabilities	155.82	188.16	98.87	101.48	85.96	65.37
Total Current Liabilities	350.11	481.93	519.91	344.88	282.26	229.09
Long-Term Debt	100	-	-	190.08	172.84	-
Long-Term Leases	-	0.75	2.4	5.11	34.41	51.44
Long-Term Deferred Tax Liabilities	31.28	31.09	31.18	38.39	43.77	32.71
Other Long-Term Liabilities	-	-	-	42.4	135.06	-
Total Liabilities	481.4	513.77	553.49	620.87	668.32	313.23
Common Stock	240.34	240.34	240.34	234.48	234.48	234.48
Additional Paid-In Capital	2,063	2,063	2,063	2,052	2,052	2,052
Retained Earnings	-1,965	-1,957	-1,899	-1,950	-1,921	-1,802
Comprehensive Income & Other	-73.66	-72.16	-20.69	15.7	19.63	24.44
Total Common Equity	263.91	273.65	382.92	351.74	384.64	508.67
Minority Interest	129.68	123.6	120.05	118.84	120.51	118.02
Shareholders' Equity	393.59	397.25	502.97	470.58	505.15	626.68
Total Liabilities & Equity	874.99	911.02	1,056	1,091	1,173	939.92
Total Debt	185.08	148.51	218.15	219.61	259.51	124.46
Net Cash (Debt)	-51.28	45.09	3.6	-11.84	44.96	256.16
Net Cash Growth	-	1154.33%	-	-	-82.45%	-8.51%
Net Cash Per Share	-0.02	0.02	0.00	-0.01	0.02	0.11
Filing Date Shares Outstanding	2,403	2,403	2,403	2,345	2,345	2,345
Total Common Shares Outstanding	2,403	2,403	2,403	2,345	2,345	2,345
Working Capital	141.78	32.83	48.32	200.4	281.14	369.89
Book Value Per Share	0.11	0.11	0.16	0.15	0.16	0.22
Tangible Book Value	72.17	77.89	126.3	45.85	64.65	501.02
Tangible Book Value Per Share	0.03	0.03	0.05	0.02	0.03	0.21
Buildings	-	1.1	1.89	-	-	-
Machinery	-	241.19	235.77	154.51	119.05	181.91
Leasehold Improvements	-	7.19	7.46	8.15	8.35	6.75

Source: S&P Global Market Intelligence. Standard template. Financial Sources.