138 MKH BERHAD | ANNUAL REPORT 2023 The Group The Company 2023 2022 2023 2022 RM RM RM RM CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES Profit before tax 117,197,229 171,253,926 99,083,745 84,261,540 Adjustments for: Amortisation of prepaid lease payments 1,524,099 1,527,030 - - Amortisation of intangible assets 590,000 - - - Bad debts written off 15,190 188,067 - - Changes in fair values of: Biological assets (288,344) 577,142 - - Investment properties 893,000 (2,435,000) - - Other investment 42,324 354,834 - - Deposits written off 2,000 10,065 - - Depreciation of: Property, plant and equipment 37,516,422 35,646,619 13,409 13,409 Right-of-use asset 322,047 322,047 - - Development expenditure expensed off - 132,958 - - Dividend income from: Investment in subsidiaries - - (104,684,000) (90,304,250) Other investment (56,489) (46,223) - - Fair value gains from transfer of inventories to investment properties - (2,950,269) - - Fair value gains from transfer of property, plant and equipment to investment properties (2,803,098) - - - (Gain)/Loss on disposal of: Land held for property development (194,417) - - - Non-current assets classified as held for sale (765,934) (1,321,487) - - Other investment (8,101) (6,665) - - Property, plant and equipment 25,890 (259,789) - - Subsidiaries - (323,748) - - Impairment loss on: Investment in subsidiaries - - - 5,900,000 Loan receivables 17,000 28,000 - - Trade receivables 50,268 15,250 - - Other receivables - 825,934 - - Impairment loss no longer required on: Land held for property development (824,897) - - - Trade receivables (12,250) (245,421) - - Other receivables (6,426) - (6,426) - STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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