MKH Annual Report 2018

94 MKH Berhad Annual Report 2018 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018 The Group The Company 2018 2017 2018 2017 RM RM RM RM CASH FLOWS FROM /(USED IN) OPERATING ACTIVITIES Profit before tax 126,698,478 193,592,301 62,151,457 50,665,944 Adjustments for: Amortisation of biological assets 14,977,744 16,719,899 - - Amortisation of prepaid lease payments 1,509,763 1,530,438 - - Bad debts written o 216,368 - - - Biological assets written o 1,130,667 4,775,926 - - Changes in fair value of investment properties 317,000 (2,987,901) - - Depreciation of property, plant and equipment 19,428,065 20,055,373 19,573 19,573 Deposits written o 2,000 5,600 - - Dividend income - - (32,516,500) (44,370,000) Impairment loss on: Finance lease receivables 890 - - - Trade receivables 77,374 59,906 - - Other receivables - 2,000 - - Inventories written down 940,057 - - - Inventories written o 2,193 161,778 - - Interest expense 34,249,204 47,564,546 3,216,910 4,656,946 Unrealised losses on foreign exchange - net 36,440,727 7,180,903 - - Property, plant and equipment written o 214,243 23,660 - 1 Land donation 9,461,450 - - - Provision for retirement gratuity - 587,866 - - Provision for post-employment benefit obligations 1,497,090 832,705 - - Gain on investment in subsidiary arising from realisation of bonus share - - (18,000,000) - Gain on disposal of an associate (2,000,000) - - - Gain on disposal of non-current assets classified as held for sale (1,055,182) - - - Gain on disposal of property, plant and equipment (26,176) (7,735) - - Gain on retention sum measured at amortised cost (161,806) - - - Interest income (6,145,101) (6,131,936) (18,663,455) (15,031,607) Impairment loss no longer required on: Finance lease receivables (200) (100) - - Trade receivables (25,662) (64,942) - - Other receivables (32,200) (58,483) (7,200) (4,200) Share of results of associates (360,579) 2,206,144 - - Operating Profit/(Loss) Before Changes in Working Capital 237,356,407 286,047,948 (3,799,215) (4,063,343) Change in property development costs 45,320,989 2,074,315 - - Change in inventories 36,129,663 55,778,861 - - Change in accrued billings in respect of property development (47,018,014) 60,447,554 - - Change in receivables, deposits and prepayments (42,203,941) (58,201,676) (483,580) (1,345,699) Change in payables and accruals (28,579,077) (144,913,951) (804,798) 629,370 Cash Generated From/(Used In) Operations 201,006,027 201,233,051 (5,087,593) (4,779,672) Interest received 5,451,093 6,012,785 18,663,455 15,031,607 Interest paid (38,036,963) (48,869,220) (3,216,910) (4,656,946) Tax paid (71,440,492) (102,552,142) (3,876,184) (2,603,646) Tax refunded 1,133,539 2,423,018 - - Retirement benefit obligations paid (1,031,517) (352,618) - - Net Cash From Operating Activities 97,081,687 57,894,874 6,482,768 2,991,343