DESTINI Annual Report 2020

Group Company 2020 2019 2020 2019 Note RM RM RM RM Cash Flows From Operating Activities Loss before tax (192,961,454) (251,244,180) (12,044,937) (28,946,932) Adjustments for: Amortisation of intangible assets 10 1,691,919 2,124,713 - - Bad debts written off 25,032,920 182,208 - - Depreciation of property, plant and equipment 4 11,563,867 12,507,612 1,940,170 2,263,129 Amortisation of right-of-use assets 5 7,711,486 7,473,287 8,511 8,509 Fair value adjustment on investment in securities (557,322) (354,584) (557,322) (354,584) Loss/(Gain) on disposal of property plant and equipment 46,031 (133,885) - - Intangible assets written off - 4,672,710 - - Impairment loss on: -Trade receivables 3,306,919 42,468,364 - - -Other receivables - 17,017,838 - 16,968,990 -Investment in subsidiaries - - - 700,006 -Intangible assets 38,255,132 91,681,464 - - -Property, plant and equipment - 1,998,229 - - -Right of use assets - 10,934 - - Derecognition arising from termination of lease agreement (511,082) - - - Modification to lease 216,171 - - - Interest expense 11,751,063 23,247,966 632,872 448,075 Interest income (250,395) (504,701) - Right-of-use assets written off 272,274 - - - Inventories written off - 13,194 - - Property, plant and equipment written off 37,395,316 1 2 - Reversal of impairment loss on -Trade receivables (13,631,072) (1,311,522) - - -Intangible assets (3,503,636) - - - Share of results of associates and joint venture - 184,740 - - Unrealised loss on foreign exchange - 198,061 - - Operating loss before working capital changes (74,171,863) (49,767,551) (10,020,704) (8,912,807) Statements of Cash Flows For the Financial Year Ended 31 December 2020 ANNUAL REPORT 2020 DESTINI BERHAD 96

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