Registration No. 200301030845 (633265-K) - 24 - DESTINI BERHAD (Incorporated in Malaysia) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 2022 2021 2022 2021 Note RM RM RM RM Cash Flows From Operating Activities (Loss)/Profit before tax (33,157,080) 5,264,629 (177,847,565) (12,126,548) Adjustments for: Amortisation of intangible assets 10 981,117 1,058,978 - - Bad debts written off 432,260 - 294,460 - Intangible assets written off 100,000 - - - Depreciation of property, plant and equipment 4 7,196,973 7,771,566 1,453,632 1,688,483 Amortisation of right-of-use assets 5 1,913,065 4,352,571 8,510 8,509 Fair value adjustment on investment in securities 50,000 - 50,000 - (Gain)/Loss on disposal of: - property, plant and equipment (10,907) (106,998) (4,999) - - investment in securities - 606,436 - 606,436 - subsidiaries - (14,786,634) 276,674 - - joint venture (2,974,999) - - - Impairment loss on: - Investment in subsidiaries - - 31,148,349 - - Trade receivables 19,851,293 1,717,970 - - - Other receivables 6,695,609 425,307 1,698,104 402,617 - Amount due from subsidiaries - - 130,215,987 - - Property, plant and equipment 934,185 - - - Derecognition arising from termination of lease agreement (30,273) (278,516) - - Modification of lease agreement - 177,906 - - Interest expense 1,711,768 5,267,532 1,140,389 915,648 Interest income (167,111) (436,947) - (29,343) Property, plant and equipment written off 114,607 101,418 - - Reversal of impairment loss on - Trade receivables (1,078,646) (563,816) - - - Other receivables - (40,528) - - - Intangible assets - (177,338) - - - Investment in subsidiaries - - (276,674) - Unrealised gain on foreign exchange (174,772) - - - Operating gain/(loss) before working capital changes 2,387,089 10,353,536 (11,843,133) (8,534,198) Group Company Statements of Cash Flow For the Financial Year Ended 31 December 2022 102 DESTINI BERHAD ANNUAL REPORT 2022
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