102 FINANCIAL STATEMENTS & OTHERS ENRA GROUP BERHAD ANNUAL REPORT 2023 Group Company 2023 2022 2023 2022 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (Loss)/Profit before tax Continuing operations (39,476) 6,249 (31,310) 10,808 Discontinued operations - 808 - - Adjustments for: Impairment loss on goodwill 7 400 - - - Impairment loss on amounts owing by subsidiaries 11(i) - - 3,419 - Impairment loss on investment in subsidiaries 6(g) - - 25,395 2,526 Impairment loss on property, plant and equipment 4(c) - 9,006 - - Fair value loss/(gain) on short term funds 25 4 (14) 4 (14) Reversal of impairment loss on trade receivables 11(i) - (3) - - Inventories written down 10(c) 13,481 241 - - Depreciation of property, plant and equipment 4 5,668 7,614 33 34 Amortisation of right-of-use assets 5 403 715 88 121 Amortisation of intangible assets 7 - 199 - - Fair value (gain)/loss on derivatives 13(c) (98) 553 (41) - Loss on disposal of property, plant and equipment 25 - 69 - 69 Gain on disposal of subsidiaries 6(d) - (19,588) - - Unrealised gain on foreign exchange 25 (805) (633) - - Interest expense: - Unwinding of discount (RCPS) 16 532 494 - - - Unwinding of lease interest 5 124 225 3 6 - Borrowings 947 1,344 928 302 Dividend income - - - (24,391) Interest income (115) (235) (5,015) (3,612) Bad debts written off 723 - 723 - Share options granted under ESOS 18 - 18 - Operating (loss)/profit before changes in working capital (18,194) 7,044 (5,755) (14,151) Decrease in contract assets - 2,220 - - Decrease/(Increase) in inventories (1,570) (13,072) (97) (42) Decrease/(Increase) in trade and other receivables 11,531 (10,674) (60) 63 Increase in contract liabilities - 962 - - (Decrease)/Increase in trade and other payables (7,699) 16,217 (1,571) 48 Cash (used in)/from operations (15,932) 2,697 (7,483) (14,082) Tax paid (175) (512) (2) - Tax refunded - 634 - 366 Net cash (used in)/from operating activities (16,107) 2,819 (7,485) (13,716) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 The accompanying notes form an integral part of the financial statements.
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