SCC Holdings Berhad Annual Report 2018

SCC Holdings Berhad | Annual Report 2018 38. Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Cash Flows From Operating Activities Profit before taxation 9,551 8,573 4,746 4,950 Adjustments for: Bad debts written off 7 - - - Depreciation of property, plant and equipment 587 665 - - Dividend income - (1) (5,333) (5,159) Fair value gain of financial assets (602) (463) (207) (154) Impairment losses on trade receivables 103 52 - - Interest expense - 2 - - Plant and equipment written off 5 - - - Gain on disposal of property, plant and equipment (14) (28) - - Interest income (74) (81) (9) (24) Reversal of impairment losses on trade receivables (98) (139) - - Reversal of inventories written down - (288) - - Unrealised loss on foreign exchange (5) 47 - - Operating profit before working capital changes 9,460 8,339 (803) (387) Changes in working capital: Inventories (1,107) 1,773 - - Trade receivables 332 (2,224) - - Other receivables (2,641) 28 (64) 5 Trade payables 1,304 (1,194) - - Other payables (110) 44 (220) 131 Subsidiary companies - - (365) (35) (2,222) (1,573) (649) 101 Cash generated from/(used in) operations 7,238 6,766 (1,452) (286) Tax refund 130 - 18 39 Tax paid (2,335) (1,755) (18) (17) (2,205) (1,755) - 22 Net cash from/(used in) operating activities 5,033 5,011 (1,452) (264) STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2018