STATEMENTS OF CASH FLOWS FOR THE FINANCIAL PERIOD FROM 1 JANUARY 2023 TO 30 JUNE 2024 Registration No. 200301030845 (633265-K) - 23 - DESTINI BERHAD (Incorporated in Malaysia) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL PERIOD FROM 1 JANUARY 2023 TO 30 JUNE 2024 1.1.2023 1.1.2022 1.1.2023 1.1.2022 to to to to 30.6.2024 31.12.2022 30.6.2024 31.12.2022 (18 months) (12 months) (18 months) (12 months) Note RM RM RM RM Cash Flows From Operating Activities Loss before tax (132,740,004) (33,157,080) (251,239,091) (177,847,565) Adjustments for: Amortisation of intangible assets 10 1,561,509 981,117 - - Amortisation of right-of-use assets 5 1,759,786 1,913,065 12,765 8,510 Bad debts written off 25,256,765 432,260 - 294,460 Intangible assets written off 1,315,902 100,000 - - Depreciation of property, plant and equipment 4 8,165,780 7,196,973 919,679 1,453,632 Effect of deconsolidation of a subsidiary 6 (118,793,009) - - - Fair value adjustment on investment in securities - 50,000 - 50,000 (Gain)/Loss on disposal of: - property, plant and equipment (137,496) (10,907) - (4,999) - investment in securities (50,000) - (50,000) - - subsidiaries (4,378,395) - (2) 276,674 - joint venture - (2,974,999) - - Impairment loss on: - Investment in subsidiaries - - 136,648,851 31,148,349 - Trade receivables 15,520,432 19,851,293 - - - Other receivables 64,181,573 6,695,609 52,493,971 1,698,104 - Amount due from subsidiaries - - 25,294,180 130,215,987 - Intangible assets 67,158,888 - - - - Property, plant and equipment 139,217 934,185 - - Derecognition arising from termination of lease agreement (1,414) (30,273) - - Interest expense 5,062,362 1,711,768 3,430,023 1,140,389 Interest income (348,087) (167,111) - - Inventories written down 2,991,413 - - - Property, plant and equipment written off 2,912,195 114,607 - - - - - Group Company 100 DESTINI BERHAD ANNUAL REPORT 2024
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