PRG Holdings Berhad Annual Report 2018

Group Company Note 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (Loss)/Profit before tax (5,260) 6,495 971 35,567 Adjustments for: Amortisation of intangible assets 8 80 81 - - Depreciation of property, plant and equipment 7 4,681 4,947 - 56 Fair value adjustments on: - loans to subsidiaries - - - (109) - trade and other payables (202) - - - Inventories written down 15 429 191 - - Impairment losses on: - trade receivables 13(d) 471 491 - * - amounts owing by subsidiaries - - 50 26 - amount owing by an associate 8 - - - - investment in an associate 118 - - - Finance costs 1,268 1,420 91 7 Net gain on disposals of: - property, plant and equipment (303) (876) - (57) - subsidiaries 9 - (6,827) (4,765) (5,235) Dividend income from subsidiaries 24 - - - (26,594) Interest income (709) (258) (2,670) (2,527) Property, plant and equipment written off 7 2 6 - - Intangible assets written off 8 - * - - Reversal of inventories written down 15 (317) (111) - - Reversal of impairment losses on: - trade receivables 13(d) (23) (10) - - - amounts owing by subsidiaries - - (22) * - investments in subsidiaries 9 - - - (2,545) Share of losses of associates, net of tax 10 1,169 323 - - Share of profit of joint ventures, net of tax 11 (160) (282) - - Net unrealised (gain)/loss on foreign exchange (159) 566 (132) * Operating profit/(loss) before changes in working capital 1,093 6,156 (6,477) (1,411) Change in inventories 5,157 (31,116) - - Change in trade and other receivables (12,354) (57,341) (16,891) 7 Change in contract assets 3,970 (18,451) - - Change in trade and other payables (4,198) 65,099 1,556 (949) Change in contract liabilities (22,885) 60,432 - - Cash (used in)/generated from operations (29,217) 24,779 (21,812) (2,353) Tax refunded 18 67 * 4 Tax paid (4,473) (6,103) (8) (2) Net cash (used in)/from operating activities (33,672) 18,743 (21,820) (2,351) PRG HOLD I NGS BERHAD 79 CASH FLOWS STATEMENTS OF FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018