200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of cash flows For the financial year ended 31 December 2022 2022 2021 2022 2021 RM RM RM RM Operating activities (Loss)/Profit before tax (3,698,474) 970,961 4,433,487 12,781,195 Adjustments for: Interest income (1,743,758) (824,309) - - Finance costs 12,819,712 14,827,405 3,955,823 742,694 Allowance for impairment on trade receivables 18,538,174 2,919,132 - - Allowance for impairment on contract assets 25,581,137 - - - Reversal of allowance for impairment on trade receivables (3,311,955) (597,988) - - Bad debts recovered (106,927) (593,541) - - Bad debts written off 28,487 - - - Impairment loss on investment in subsidiary - - 42,704 21,264 Depreciation of property, plant and equipment 33,687,207 39,165,977 - - Depreciation of right-of-use assets 3,055,111 3,090,321 - - Depreciation of investment properties 6,549 6,549 - - Gain on disposal of property, plant and equipment (643,465) (2,461,171) - - Gain on derecognition of right-of-use assets (2,177) (6,901) - - Property, plant and equipment written off 1,082,427 191,201 - - Share of loss of joint ventures 2,903,611 660,079 - - Provision for obsolete inventories - 4,252 - - Reversal of provision for obsolete inventories (4,252) (209,116) - - Reversal of defect liability costs (5,196,000) (1,464,000) - - Unrealised foreign exchange gain (6,699,759) (914,836) - - Group Company The accompanying accounting policies and explanatory notes form an integral part of the financial statements. - 23 - STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Annual Report 2022 88
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