Group Company 2023 2022 2023 2022 Note RM’000 RM’000 RM’000 RM’000 Cash flows from/(for) operating activities Profit before tax 489,405 404,367 132,444 101,700 Adjustments for: Amortisation of development costs 25,103 27,053 8,550 8,000 Allowance for expected credit losses: - financing receivables 59 - - - - trade receivables 16 - - - Bad debts written off 12 2 - - Deposit received forfeited (9) - - - Depreciation of property, plant and equipment 30,042 28,531 9,720 11,017 Depreciation of investment properties 653 653 3,452 2,320 Depreciation of right-of-use assets 7,491 5,738 327 284 Dividend income from a subsidiary - - (200,000) (125,000) Dividend income from other investments (240) (1,440) - - Fair value (gain)/loss on digital assets (39) 3 - - Property, plant and equipment written off 276 1,458 - - Fair value loss/(gain) on other investments 3 (45,505) - - Gain on disposal of associates - (2,846) - - Gain on disposal of property, plant and equipment C (358) (654) - - Gain on disposal of assets held for sale D (3,328) - - - Gain on termination of lease contract (13) (17) - - Operating profit/(loss) before working capital changes carried forward 549,073 417,343 (45,507) (1,679) STATEMENTS OF CASH FLOWS For the Financial Year Ended 31 December 2023 ANNUAL REPORT 2023 175 FINANCIAL STATEMENTS
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