200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 368,736 Statements of cash flows For the financial year ended 31 December 2023 2023 2022 2023 2022 RM RM RM RM Operating activities Profit/(Loss) before tax 13,055,155 (3,698,474) (8,066,917) 4,433,487 Adjustments for: Interest income (1,872,439) (1,743,758) - - Finance costs 15,570,410 12,819,712 5,576,567 3,955,823 Allowance for impairment on trade receivables - 18,538,174 - - Allowance for impairment on contract assets - 25,581,137 - - Reversal of allowance for impairment on trade receivables (497,972) (3,311,955) - - Write back on property development value (3,900,000) - - - Bad debts recovered (90,012) (106,927) - - Bad debts written off 13,529 28,487 - - Impairment loss on investment in subsidiary - - 10,027,486 42,704 Depreciation of property, plant and equipment 21,596,467 33,687,207 - - Depreciation of right-of-use assets 3,055,739 3,055,111 - - Depreciation of investment properties 6,549 6,549 - - Gain on disposal of property, plant and equipment (906,446) (643,465) - - Gain on derecognition due to lease modification (3,338) (2,177) - - Property, plant and equipment written off 1,493,269 1,082,427 - - Share of loss of joint ventures 3,142,799 2,903,611 - - Reversal of provision for obsolete inventories - (4,252) - - Reversal of defect liability costs (1,561,000) (5,196,000) - - Unrealised foreign exchange gain (8,721,197) (6,699,759) - - 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 2023 093 Annual Report 2023
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