STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 The Group The Fund 2021 2020 2021 2020 RM RM RM RM Cash flows from operating activities Profit before tax 72,781,553 13,624,360 46,601,801 50,125,877 Adjustments for: Finance costs 28,004,770 35,254,090 28,004,771 35,254,091 Investment revenue (623,104) (1,011,305) (7,382,380) (8,868,611) Interest accretion on tenant deposits 1,018,526 140,228 1,018,526 140,228 Amortisation of deferred income (347,829) (972,751) (347,829) (972,751) Allowance for impairment loss in investment in subsidiaries - - 24,058,753 4,000,000 Allowance for expected credit loss on amount due from a subsidiary - - 1,303,019 - Fair value adjustment of investment properties (5,536,199) 47,772,461 (5,536,199) 5,423,801 Unrealised loss/(gain) on foreign exchange 146,339 (736,084) 146,339 (736,084) Unbilled rental income (2,843,801) (2,843,801) (2,843,801) (2,843,801) Derecognition of past lease receivables 5,806,073 9,801,166 4,514,732 8,423,133 Operating profit before working capital changes 98,406,328 101,028,364 89,537,732 89,945,883 Changes in working capital: Increase in trade receivables (8,415,374) (24,343,284) (8,259,704) (10,443,992) (Increase)/Decrease in other receivables and prepaid expenses (362,818) 3,330,148 (388,883) 3,330,148 (Decrease)/Increase in other payables and accrued expenses (1,047,592) 2,610,999 3,565,848 2,713,434 Net changes in working capital (9,825,784) (18,402,137) (5,082,739) (4,400,410) Net cash generated from operating activities 88,580,544 82,626,227 84,454,993 85,545,473 Cash flows from investing activities Income received on investment 570,401 1,038,738 570,401 1,022,211 Profit sharing on advances from a subsidiary in Australia - - 675,928 785,731 Enhancement to investment properties - (2,400,000) - (2,400,000) Net cash generated from/(used in) investing activities 570,401 (1,361,262) 1,246,329 (592,058) Cash flows from financing activities Finance costs paid on Islamic financing (25,067,049) (34,720,137) (15,288,010) (4,311,017) Finance costs paid on amount due to a subsidiary - - (10,328,925) (30,629,294) Transaction costs paid (6,277,322) (404,744) (6,209,872) (403,078) Decrease in amount due to a subsidiary - - (556,536,377) (344,359) Income distributions (54,830,869) (54,021,285) (54,830,869) (54,021,285) Increase in restricted cash 14,637,954 (1,245,005) (5,114,323) (771,438) Net proceeds from Islamic financing 5,000,000 94,050 580,000,000 94,050 Net cash used in financing activities (66,537,286) (90,297,121) (68,308,376) (90,386,421) GOVERNANCE STRUCTURE FINANCIAL REPORTS 147 AN PO STRATEGIC PERFORMANCE CORPORATE OVERVIEW THE DRIVING FORCES SUSTAINABILITY STATEMENT
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