Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad STATEMENTS OF CASH FLOWS For the financial year ended 31 December 2019 78 2019 2018 2019 2018 RM RM RM RM Operating activities Profit before tax 79,687,090 81,666,262 24,344,547 18,310,725 Adjustments for: Interest income (4,285,731) (4,232,182) - - Finance costs 16,730,966 11,881,755 - - Allowance for impairment on trade receivables 630,464 1,838,324 - - Reversal of allowance for impairment on trade receivables (209,039) - - - Bad debts written off - 1,504 - - Impairment loss on investment properties 532,360 - - - Impairment loss on investment in subsidiary - - 44,801 - Depreciation of property, plant and equipment 50,562,841 40,439,057 - - Depreciation of right-of-use assets 3,577,475 - - - Depreciation of investment properties 129,483 110,172 Loss/(gain) on disposal of investment properties 139,230 (18,953) - - Loss on disposal of properties held for sale 140,294 - - - Gain on disposal of property, plant and equipment (310,801) (324,836) - - Gain on derecognition of right-of-use assets (60,880) - - - Property, plant and equipment written off 248,634 134,842 - - Share of loss/(profit) of joint ventures 372,583 (809,691) - - Provision for obsolete inventories 236,706 - - - Provision for/(reversal of) defect liability costs 3,749,000 (196,000) Unrealised foreign exchange loss/(gain) 3,699,495 (3,648,006) - - Group Company