Kimlun Corporation Berhad Annual Report 2020

STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of cash flows or the financial year ended 31 December 2020 2020 2019 2020 2019 RM RM RM RM Operating activities Profit before tax 15,524,362 79,687,090 17,201,166 24,344,547 Adjustments for: Interest income (3,444,697) (4,285,731) - - Finance costs 18,455,871 16,730,966 - - Allowance for impairment on trade receivables 3,286,616 630,464 - - Reversal of allowance for impairment on trade receivables (821,305) (209,039) - - Bad debts written off 856,752 - - - Bad debts recovered (238,018) - - - Impairment loss on investment properties - 532,360 - - Impairment loss on investment in subsidiary - - 22,542 44,801 Depreciation of property, plant and equipment 39,889,588 50,562,841 - - Write down of land held for development 7,316,055 - - - Depreciation of right-of-use assets 3,467,747 3,577,475 - - Depreciation of investment properties 53,439 129,483 - - (Gain)/loss on disposal of investment properties (109,704) 139,230 - - Loss on disposal of properties held for sale 58,938 140,294 - - Gain on disposal of property, plant and equipment (1,723,607) (310,801) - - Gain on derecognition of right-of-use assets (93,115) (60,880) - - Property, plant and equipment written off 195,162 248,634 - - Share of loss of joint ventures 626,562 372,583 - - Provision for obsolete inventories 33,631 236,706 - - Provision for defect liability costs 1,031,000 3,749,000 - - Unrealised foreign exchange loss 2,576,450 3,699,495 - - Group Company - 23 - Annual Report 2020 080