MSM Malaysia Holdings Berhad Annual Report 2020

STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (Loss)/profit for the financial year from: - Continuing operations 3,863 (288,490) 47,318 (358,656) - Discontinuing operations (75,091) (11,279) - - (71,228) (299,769) 47,318 (358,656) Adjustments for: Taxation 30,498 (11,074) 2,448 1,373 Depreciation of property, plant and equipment 72,830 78,849 657 707 Gain on disposal of property, plant and equipment (18) - - - Depreciation of right-of-use asset 3,001 3,643 496 835 Loss on lease modification 453 - 453 - Loan modification credit/(costs) recharged to a subsidiary - - 11,695 (26,818) Intangible assets written off 534 1,086 534 1,080 (Reversal of impairment)/Impairment of property, plant and equipment (3,807) 130,637 - - (Reversal of impairment)/Impairment of right-use-of assets (7,968) 7,968 - - Property, plant and equipment written off 1,393 1,444 - 264 Rent concession (219) - - - Impairment of intangible assets - 179 - - Amortisation of intangible assets 5,709 8,722 1,474 1,778 Amortisation of advance payment 2,204 1,508 - - Loss on disposal of asset held for sale 12 - - - Unrealised gain on sugar future contracts - (2,388) - - Unrealised loss/(gain) on foreign currency exchange translation 2,627 (29) - - Unrealised loss/(gain) on foreign currency exchange forward contracts 929 (68) - - Asset held for sale written-off 387 480 - - Inventories written down to net realisable value - 49,432 - - Dividend income - - (75,000) (43,718) Interest income (3,835) (4,032) (49,803) (60,366) Interest expense 36,784 82,128 28,909 73,844 Impairment loss of investment in a subsidiary - - 27,362 437,672 Impairment/(Reversal of impairment) of receivables and loans due from subsidiaries and related company 6,565 4,583 (419) (32,282) Inventories written off 1,376 1,537 - - Allowance for inventory obsolescence 18,545 - - - Zakat 1,486 14 - - Ineffective portion of cash flow hedge 417 - 417 - Non-Cash item from continuing operations 169,903 354,619 (50,777) 354,369 MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 139 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING