Datasonic Group Berhad Annual Report 2020

DATASONIC GROUP BERHAD I ANNUAL REPORT 2020 (Registration No. 200801008472 (809759-X)) 111 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020 Group Company 2020 2019 2020 2019 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM  OPERATING ACTIVITIES Profit before taxation 63,395 40,474 39,977 34,762 Adjustments for:- Allowance for impairment losses on: - inventories 168 – – – - trade receivables 1,059 – – – Amortisation of development  expenditure 7,497 5,916 – – Depreciation of property, plant  and equipment 14,136 16,037 836 970 Depreciation of right-of-use assets 2,933 – 339 – Property, plant and equipment  written off 11 # 11 – Interest expense: - Interest expense on lease liabilities 921 – 17 – - Other interest expense 5,369 8,112 293 366 Inventories written off 114 – – – Share of net loss of equity  accounted associate # – – – Unrealised loss/(gain) on  foreign exchange 1,174 (172) # (#) Dividend income – – (41,000) (35,000) (Gain)/Loss on disposal of  plant and equipment (8) 3,059 (6) (7) Interest income (1,303) (720) (285) (536) Writeback of impairment losses  on inventories (3) – – – Operating profit before  working capital changes 95,463 72,706 182 555 Decrease in projects-in-progress 991 1,401 – – Decrease/(Increase) in inventories 8,913 (15,221) – – Decrease/(Increase) in trade  and other receivables 40,299 14,824 (100) (140) (Decrease)/Increase in trade  and other payables (9,210) 3,373 (233) (293) Decrease in amount owing  by subsidiaries – – 32,149 2,658 Increase in amount owing  to subsidiaries – – 882 5,573 CASH FROM OPERATING ACTIVITIES 136,456 77,083 32,880 8,353 Income tax paid (3,813) (2,132) (287) (368) Income tax refund 3,279 – 611 – Interest paid (6,290) (8,112) (310) (366) NET CASH FROM  OPERATING ACTIVITIES 129,632 66,839 32,894 7,619 Note:- # - Amount less than RM1,000 The annexed notes form an integral part of these financial statements.