Registration No. 200301030845 (633265-K) - 24 - DESTINI BERHAD (Incorporated in Malaysia) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 2021 2020 2021 2020 Note RM RM RM RM Cash Flows From Operating Activities Profit/(Loss) before tax 5,264,629 (192,961,454) (12,126,548) (12,044,937) Adjustments for: Amortisation of intangible assets 10 1,058,978 1,691,919 - - Bad debts written off - 25,032,920 - - Depreciation of property, plant and equipment 4 7,771,566 11,563,867 1,688,483 1,940,170 Amortisation of right-of-use assets 5 4,352,571 7,711,486 8,509 8,511 Fair value adjustment on investment in securities - (557,322) - (557,322) Loss/(Gain) on disposal of: - property, plant and equipment (106,998) 46,031 - - - investment in securities 606,436 - 606,436 - - subsidiaries (14,786,634) - - - Impairment loss on: - Trade receivables 1,717,970 3,306,919 - - - Other receivables 425,307 - 402,617 - - Intangible assets - 38,255,132 - - Derecognition arising from termination of lease agreement (278,516) (511,082) - - Modification of lease agreement 177,906 216,171 - - Interest expense 5,267,532 11,751,063 915,648 632,872 Interest income (436,947) (250,395) (29,343) Property, plant and equipment written off 101,418 37,395,316 - 2 Reversal of impairment loss on - Trade receivables (563,816) (13,631,072) - - - Other receivables (40,528) - - - - Intangible assets (177,338) (3,503,636) - - Operating gain/(loss) before working capital changes 10,353,536 (74,444,137) (8,534,198) (10,020,704) Group Company STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 101 ANNUAL REPORT 2021 • DESTINI BERHAD
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