ENRA Group Berhad Annual Report 2018

64 E N R A G R O U P B E R H A D ( 2 3 6 8 0 0 - T ) Group Company 2018 2017 2018 2017 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (Loss)/Profit before tax from: Continuing operations (781) 28,521 7,297 (5,574) Discontinued operations 33(b) 3,290 (84,160) 3,398 (83,620) Adjustments for: Bad debts written off - 20 - - Depreciation of property, plant and equipment 4 1,312 1,108 278 488 Fair value adjustments on investment properties 5 - 79,076 - 79,288 Fair value gain on derivatives 14 (38) (73) (38) (73) Loss/(Gain) on disposal of subsidiaries 1 (286) - - Gain on disposal of property, plant and equipment (132) - (2) - Impairment losses on disposal group 16 - 7,846 - 7,238 Unrealised loss on foreign exchange 705 410 612 365 Share of results of an associate, net of tax - 15 - - Derecognition of contingent consideration for business acquisition (4,092) - - - Unwinding of discount (RCPS) 18 55 - - - Dividend income - - (15,033) - Interest expense 3,114 3,197 2,926 2,733 Interest income (1,639) (924) (2,675) (1,453) Operating profit/(loss) before changes in working capital 1,795 34,750 (3,237) (608) Decrease in property development costs - 65,363 - - Decrease/(Increase) in inventories 2,758 (36,707) - - Decrease/(Increase) in trade and other receivables 11,943 2,038 (4,478) 1,930 (Decrease)/Increase in trade and other payables (35,004) (19,802) 8,488 (493) Cash (used in)/generated from operations (18,508) 45,642 773 829 Tax (paid)/refund (3,259) (8,659) 686 (410) Net cash (used in)/from operating activities (21,767) 36,983 1,459 419 STATEMENTS OF CASH FLOWS For the financial year ended 31 March 2018 The accompanying notes form an integral part of the financial statements.