MKH Annual Report 2020

96 FINANCIAL STATEMENTS ANNUAL REPORT 2020 The Group The Company 2020 RM 2019 RM 2020 RM 2019 RM CASH FLOWS FROM/(USED IN)  OPERATING ACTIVITIES Profit before tax 116,475,686 158,372,816 58,821,224 52,241,187 Adjustments for: (Allowance no longer required)/  Allowance for slow moving  inventories (152) 45,180 - - Amortisation of prepaid lease  payments 1,507,568 1,513,413 - - Bad debts written off 12,853 88,742 - 980 Changes in fair value of biological  assets 913,440 1,170,893 - - Changes in fair value of investment  properties 12,165,000 6,180,000 - - Changes in fair value of other  investment (3,246) - - - Depreciation of property, plant and  equipment 36,411,827 36,697,383 16,950 18,794 Depreciation of right-of-use asset 322,048 - - - Dividend income from investment in  subsidiaries - - (51,012,000) (30,903,675) Dividend income from other  investment (879) - - - Fair value losses from transfer of  inventories to investment properties 5,180,808 - - - Impairment loss on: Loan receivables 21,000 116,286 - - Trade receivables 10,707 626,174 - - Other receivables - 4,531,362 - - Investment in subsidiaries - - 2,712,412 - Inventories written down 174,531 137,658 - - Inventories written off 4,493 20,995 - - Land held for property development  written off 233,677 - - - Interest expense 50,389,033 40,389,950 7,505,756 7,192,376 Unrealised losses/(gains) on foreign  exchange - net 13,939,628 (13,967,232) (155,250) 23,650 Property, plant and equipment  written off 341,877 91,893 - - Provision for retirement gratuity 403,683 - - - Statements of Cash Flows FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020