Press Metal Annual Report 2024

Press Metal Aluminium Holdings Berhad SECTION 6 • FINANCIAL STATEMENTS 244 STATEMENTS OF CASH FLOWS For the year ended 31 December 2024 Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Cash flows from operating activities Profit before tax 2,303,393 1,645,849 619,015 628,332 Adjustments for: Depreciation of investment properties 1,582 1,558 - - Depreciation of property, plant and equipment 731,474 654,911 14 10 Depreciation of right-of-use assets 31,864 30,326 - - Dividend income - - (695,831) (735,870) Finance costs 217,937 242,475 149,868 165,801 Finance income (63,184) (23,797) (111,005) (107,409) Loss on disposal of right-of-use assets - 49 - - Loss/(Gain) on disposal of investment property 15 (370) - - Loss on derecognition of right-of-use assets 68 905 - - Insurance compensation receivable (127,542) - - - Impairment loss of financial instruments 485 7,407 - - Loss on disposal of property, plant and equipment 516 751 - - Loss on disposal of investment in subsidiaries - 1,223 - - Others 100 116 - - Property, plant and equipment written off 158,586 20,116 - - Share of profit of equity-accounted associates, net of tax (559,278) (207,356) - - Unrealised derivative loss/(gain) 47,697 3,717 24,867 (5,163) Unrealised foreign exchange loss/(gain) 15,407 (8,059) (34,318) 31,613 Operating profit/(loss) before changes in working capital 2,759,120 2,369,821 (47,390) (22,686) Change in derivatives 23,512 39,688 - - Change in inventories (54,381) 227,665 - - Change in trade and other payables and provisions (26,387) (70,708) (29,451) (36,897) Change in trade and other receivables and prepayments (112,381) 422,302 265,856 175,040 Cash generated from operations 2,589,483 2,988,768 189,015 115,457 Tax paid (43,474) (124,677) (1,724) (2,735) Tax refunded 3,812 1,891 - - Net cash from operating activities 2,549,821 2,865,982 187,291 112,722

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