STATEMENTS OF CASH FLOWS FORTHE FINANCIALYEAR ENDED 31 DECEMBER 2021 Group Company Note 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss) for the financial year from: - Continuing operations 36,615 3,863 200,895 47,318 - Discontinued operations 88,738 (75,091) - - 125,353 (71,228) 200,895 47,318 Adjustments for: Taxation 43,487 30,498 4,451 2,448 Depreciation of property, plant and equipment 75,402 72,830 650 657 Gain on disposal of property, plant and equipment (902) (18) (197) - Depreciation of right-of-use asset 2,748 3,001 661 496 Loss on lease modification - 453 - 453 Loan modification (costs)/credit recharged to a subsidiary - - (9,749) 11,695 Intangible assets written off - 534 - 534 Reversal of impairment of property, plant and equipment (16,427) (3,807) - - Reversal of impairment of right-of-use assets - (7,968) - - Property, plant and equipment written off 2,654 1,393 - - Rent concession - (219) - - Amortisation of intangible assets 4,690 5,709 1,424 1,474 Amortisation of advance payment - 2,204 - Loss on disposal of asset held for sale - 12 - - Unrealised loss on sugar future contracts 963 - - - Unrealised loss on brent crude oil forward option 2,133 - - - Unrealised (gain)/loss on foreign currency exchange translation (1,506) 2,627 - - Unrealised (gain)/loss on foreign currency exchange forward contracts (276) 929 - - Asset held for sale written-off - 387 - - Inventories written down to net realisable value during the financial year 13,436 65 - - Reversal of prior year inventories written down to net realisable value (65) - - - Gain on disposal of a subsidiary (6,287) - (28,781) - Dividend income - - (186,000) (75,000) Interest income (2,587) (3,835) (44,968) (49,803) Interest expense 47,045 36,784 42,387 28,909 Impairment loss of investment in a subsidiary - - - 27,362 Impairment loss/(reversal of impairment) loans due from subsidiaries - - 13,433 (419) Impairment of trade and other receivables 4,835 7,219 - - Reversal of impairment loss of amount due from related company (3,200) (654) - - Inventories written off 6,081 1,376 - - Allowance for inventory obsolescence 10,957 18,545 - - Zakat 1,000 1,486 - - Ineffective portion of cash flow hedge (830) 417 (830) 417 Non-Cash item from continuing operations 183,351 169,968 (207,519) (50,777) Non-Cash item from discontinued operations 16(iii) (87,098) 73,503 - - Operating profit/(loss) before changes in working capital 221,606 172,243 (6,624) (3,459) WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 282
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