THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation 332,406 260,662 215,424 123,018 Adjustments for:- Bad debts written off 5 – – – Depreciation of property, plant and equipment 8,632 9,320 – – Depreciation of right-of-use assets 1,157 930 – – Depreciation of investment properties 1 1 – – Property, plant and equipment written off – 703 – – Property development costs written off 7,081 3,229 – – Impairment loss on deposit – 7,000 – – Impairment loss on investment in subsidiaries – – – 13,130 Impairment loss on amount owing by subsidiaries – – 12,531 12,440 Impairment loss on trade receivable 42 – – – Impairment loss on other receivable 3,271 3,042 – – Interest expense on lease liabilities 195 143 – – Interest expenses 4,887 9,491 12,042 13,033 Interest income (9,393) (4,800) (45,268) (43,215) Bad debts recovered – (26) – – Gain on derecognition due to lease modification (14) (5) – – Gain on disposal of investment property (19) (36) – – Gain on disposal of property, plant and equipment (163) (1,277) – – Reversal of impairment loss on deposit (7,000) – – – Reversal of impairment on other receivables (12,111) – – – Share of loss/(profit) of joint venture 650 (1,816) – – Operating profit before working capital changes 329,627 286,561 194,729 118,406 (Increase)/Decrease in inventories (14,868) 100,622 – – Decrease/(Increase) in receivables and contract assets 91,785 (71,644) (40) (55) Increase/(Decrease) in payables and contract liabilities 3,981 (23,454) (664) (537) CASH FROM OPERATIONS 410,525 292,085 194,025 117,814 Interest received 9,393 4,425 45,268 43,215 Income tax paid (80,126) (68,051) (5,700) (5,768) Income tax refunded 1,732 20 – – Interest paid (10,510) (17,152) (12,042) (13,033) NET CASH FROM OPERATING ACTIVITIES 331,014 211,327 221,551 142,228 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 FINANCIAL STATEMENTS MATRIX CONCEPTS HOLDINGS BERHAD 154
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