MSM Malaysia Holdings Berhad Annual Report 2019

STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 (Restated) (Restated) CASH FLOWS FROM OPERATING ACTIVITIES (Loss)/profit for the financial year from: - Continuing operations (288,490) 37,377 (358,656) (422,641) - Discontinuing operations (11,279) (1,717) - - (299,769) 35,660 (358,656) (422,641) Adjustments for: Taxation (11,074) 27,509 1,373 2,683 Depreciation of property, plant and equipment 78,849 52,091 707 791 Gain on disposal of property, plant and equipment - (26) - - Depreciation of right-of-use asset 3,643 3,509 835 835 Loan modification costs recharged to a subsidiary - - (26,818) - Intangible assets written off 1,086 - 1,080 - Impairment of property, plant and equipment 130,637 1,390 - - Impairment of right-use-of assets 7,968 - - - Property, plant and equipment written off 1,444 967 264 773 Impairment of intangible assets 179 - - - Amortisation of intangible assets 8,722 6,880 1,778 1,485 Amortisation of advance payment 1,508 928 - - Unrealised (gain)/loss on sugar commodity options/sugar future contracts (2,388) 630 - - Unrealised gain on foreign currency exchange translation (29) - - - Asset held for sale written-off 480 - - - Inventories written down to net realisable value 49,432 - - - Dividend income - - (43,718) - Interest income (4,032) (4,057) (60,366) (59,410) Interest expense 82,128 38,508 73,844 43,722 Impairment loss of investment in a subsidiary - - 437,672 391,134 Impairment/(Reversal of impairment) of receivables and loans due from subsidiaries and related company 4,583 3,018 (32,282) 32,709 Inventories written off 1,537 7,631 - - Zakat 14 1,500 - - 54,918 176,138 (4,287) (7,919) MSM Malaysia Holdings Berhad | Annual Report 2019 122