MSM Malaysia Holdings Berhad Annual Report 2021

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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