200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of cash flows For the financial year ended 31 December 2024 2024 2023 2024 2023 RM RM RM RM Operating activities Profit before tax 68,398,279 13,055,155 1,778,235 (8,066,917) Adjustments for: Interest income (2,588,083) (1,872,439) - - Finance costs 25,323,623 15,570,410 6,660,706 5,576,567 Allowance for impairment on trade receivables 107,000 - - - Reversal of allowance for impairment on: - contract assets (25,391,137) - - - - trade receivables (18,184,023) (497,972) - - Write back of land held for development (1,500,000) (3,900,000) - - Bad debts written off - 13,529 - - Provision for impairment loss on investment in subsidiary - - - 10,027,486 Depreciation of: - property, plant and equipment 27,861,030 21,596,467 - - - right-of-use assets 3,819,906 3,055,739 - - - investment properties 6,549 6,549 - - Gain on disposal of property, plant and equipment (514,900) (906,446) - - Gain on derecognition due to lease modification (41,504) (3,338) - - Gain on remeasurement of financial liabilities (1,007,022) - - - Gain on deemed disposal of investment in joint ventures (1,837,388) - - - Loss on disposal of: - assets held for sale 455,437 - - - - subsidiaries 273,080 - - - Property, plant and equipment written off 86,542 1,493,269 - - Share of (profit)/loss of joint ventures (644,142) 3,142,799 - - Share of loss of associate 329,650 - - - Group Company - 22 - STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 114
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