Datasonic Group Berhad Annual Report 2021

DATASONIC GROUP BERHAD 114 Group Company 2021 2020 2021 2020 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM/(FOR) OPERATING ACTIVITIES Profit before taxation 11,089 63,395 38,029 39,977 Adjustments for:- Allowance for impairment losses on: - inventories 49 168 - - - trade receivables 297 1,059 - - Amortisation of development expenditure 3,273 7,497 - - Depreciation of property, plant and equipment 9,725 14,136 1,004 836 Depreciation of right-of-use assets 975 2,933 339 339 Property, plant and equipment written off # 11 - 11 Fair value loss on trade receivable 114 - - - Interest expense: - interest expense on lease liabilities 284 921 12 17 - other interest expense 2,779 5,369 179 293 Inventories written off - 114 - - Loss on disposal of investment in associate - - 90 - Share of net loss of equity accounted associate - # - - Unrealised (gain)/loss on foreign exchange (830) 1,174 3 # Dividend income - - (40,000) (41,000) Gain on disposal of plant and equipment (63) (8) (1) (6) Interest income (1,091) (1,303) (398) (285) Writeback of impairment losses on - inventories (83) (3) - - - trade receivables (3) - - - Operating profit/(loss) before working capital changes 26,515 95,463 (743) 182 (Increase)/Decrease in projects-in-progress (33) 991 - - Decrease in inventories 7,400 8,913 - - Decrease/(Increase) in trade and other receivables 50,753 40,299 264 (100) Increase/(Decrease) in trade and other payables 27 (9,210) 18 (233) (Increase)/Decrease in amount owing by subsidiaries - - (4,957) 32,149 (Decrease)/Increase in amount owing to subsidiaries - - (5,058) 882 CASH FROM/(FOR) OPERATING ACTIVITIES 84,662 136,456 (10,476) 32,880 Income tax paid (2,928) (3,813) (135) (287) Income tax refund 1,019 3,279 - 611 Interest paid (3,063) (6,290) (191) (310) NET CASH FROM/(FOR) OPERATING ACTIVITIES 79,690 129,632 (10,802) 32,894 Note:- # - Amount less than RM1,000. The annexed notes form an integral part of these financial statements. STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021