PRG Holdings Berhad Annual Report 2020

PRG HOLDINGS BERHAD 78 Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax from: Continuing operations (32,428) (66,819) (18,312) (2,032) Discontinued operations 28 (1,618) (2,681) - - Adjustments for: Amortisation of intangible assets 10 878 495 - - Depreciation of: - property, plant and equipment 8 2,869 4,072 - - - right-of-use assets 9 5,797 4,457 - - Fair value adjustments on: - amounts owing by subsidiaries - - 4,785 1,556 - trade and other receivables 1,875 15 - - - trade and other payables - (1,782) - - - financial assets at fair value through profit or loss - 2,593 - - Inventories written down 18 3,164 1,612 - - Impairment losses on: - property, plant and equipment 8 430 - - - - right-of-use assets 9 13,598 - - - - trade receivables 16(d) 1,400 12,592 - - - other receivables 8,153 23 5,712 - - contract assets 17(d) 12 43 - - - amounts owing by subsidiaries 16(f) - - 8,158 8,214 - amounts owing by associates 4,057 197 - - - investments in associates 12 40 4,630 - - - investment in a joint venture 13 - 3,903 - - - goodwill 10 16,310 34,564 - - - assets classified as held for sale 28(h) - 5,624 - - Finance costs 3,609 4,311 468 1,602 Net gain on disposals of: - property, plant and equipment (55) (22) - - - subsidiaries - - - (12,916) Interest income (15,324) (520) (3,371) (2,672) Lease concessions (2,799) - - - Lease modification (53) - - - Property, plant and equipment written off 1 65 - - Inventories written off 18 - 72 - - Reversal of inventories written down 18 (1,915) (110) - - Reversal of contract liabilities 17(a) - (2,121) - - Reversal of impairment losses on: - trade receivables 16(d) (20) (373) - - - other receivables - - - - - contract assets (15) - - - - amounts owing by subsidiaries 16(e) - - (218) - Share of losses of associates, net of tax 12 345 1,778 - - Statements of Cash Flows For the financial year ended 31 December 2020