PRG Holdings Berhad Annual Report 2019

ANNUAL REPORT 2019 83 Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (Loss)/Profit before tax from: Continuing operations (66,819) (12,631) (2,032) 971 Discontinued operations (2,681) 7,371 - - Adjustments for: Amortisation of intangible assets 9 495 80 - - Depreciation of: - property, plant and equipment 7 4,072 4,681 - - - right-of-use assets 8 4,457 - - - Fair value adjustments on: - amounts owing by subsidiaries - - 1,556 - - trade and other receivables 15 - - - - trade and other payables (1,782) (202) - - - financial assets at fair value through profit or loss 2,593 - - - Inventories written down 17 1,612 429 - - Impairment losses on: - trade receivables 15(d) 12,592 471 - - - other receivables 23 - - - - contract assets 16(d) 43 - - - - amounts owing by subsidiaries 15(e) - - 8,214 50 - amounts owing by associates 197 8 - - - investments in associates 11 4,630 118 - - - investment in a joint venture 12 3,903 - - - - goodwill 9 34,564 - - - - assets classified as held for sale 26(g) 5,624 - - - Finance costs 4,311 1,268 1,602 91 Net gain on disposals of: - property, plant and equipment (22) (303) - - - subsidiaries - - (12,916) (4,765) Interest income (520) (709) (2,672) (2,670) Property, plant and equipment written off 65 2 - - Inventories written off 17 72 - - - Reversal of inventories written down 17 (110) (317) - - Reversal of contract liabilities 16(a) (2,121) - - - Reversal of impairment losses on: - trade receivables 15(d) (373) (23) - - - amounts owing by subsidiaries 15(e) - - - (22) Share of losses of associates, net of tax 11 1,778 1,169 - - Share of profit of joint ventures, net of tax 12 (245) (160) - - Net unrealised loss/(gain) on foreign exchange 127 (159) 2 (132) Operating profit/(loss) before changes in working capital 6,500 1,093 (6,246) (6,477) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019