DESTINI Annual Report 2019

Group Company 2019 2018 2019 2018 Note RM RM RM RM (Restated) Cash Flows From Operating Activities (Loss)/Profit before tax (251,244,180) 9,734,495 (28,946,932) (5,037,546) Adjustments for: Amortisation of intangible assets 10 2,124,713 2,149,534 - - Amortisation of land use right - 38,683 - - Bad debts written off 182,208 109,478 - - Depreciation of property, plant and equipment 4 12,507,612 12,737,834 2,263,129 2,031,971 Depreciation of right-of-use assets 5 7,473,287 - 8,509 - Fair value adjustment on investment in securities (354,584) 657,260 (354,584) 657,260 Gain on disposal of property, plant and equipment (133,885) (165,536) - - Intangible assets written off 4,672,710 - - - Impairment loss on: - Trade receivables 42,468,364 1,328,069 - - - Other receivables 17,017,838 338,290 16,968,990 - - Investment in subsidiaries - - 700,006 - - Intangible assets 91,681,464 - - - - Property, plant and equipment 1,998,229 - - - - Right of use assets 10,934 - - - Interest expense 23,247,966 3,330,608 448,075 3,161,529 Interest income (504,701) (1,588,944) - (3,145,993) Inventories written off 13,194 - - Property, plant and equipment written off 1 30,760 - - Reversal of impairment loss on - trade receivables (1,311,522) (18,868) - - Share of results of associates and joint venture 184,740 612,030 - - Unrealised loss/(gain)on foreign exchange 198,061 (85,839) - - Operating (loss)/profit before working capital changes (49,767,551) 29,207,854 (8,912,807) (2,332,779) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 STATEMENTS OF CASH FLOWS 06 FINANCIAL STATEMENTS DESTINI BERHAD 102