My EG Services Berhad Annual Report 2022

FINANCIAL STATEMENTS Group Company 2022 2021 2022 2021 Note RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Profit before tax 404,367 320,683 101,700 30,053 Adjustments for: Amortisation of development costs 27,053 22,131 8,000 8,131 Bad debts written off 2 46 - - Depreciation of property and equipment 28,531 23,056 11,017 11,316 Depreciation of investment properties 653 653 2,320 2,320 Depreciation of right-of-use assets 5,738 4,581 284 530 Fair value loss on digital assets 3 - - - Dividend income (1,440) (140) (125,000) (1,000) Equipment written off 1,458 26 - 15 Fair value gain on other investments (45,505) - - - Gain on disposal of associates (2,846) - - - Gain on disposal of equipment C (654) (158) - (29) Gain on modification of lease contract - (1) - - Gain on termination of lease contract (17) - - - (Reversal)/Allowance for expected credit losses: - trade receivables (14) 40 - - - other receivables (2) - - - - financing receivables (423) 239 - - Inventories written down D 15 313 - - Reversal of inventories written down D (20) (112) - - Operating profit/(loss) before working capital changes carried forward 416,899 371,357 (1,679) 51,336 STATEMENTS OF CASH FLOWS For the Financial Year Ended 31 December 2022 155

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