KUB Malaysia Berhad Annual Report 2021

Group Company 1.1.2020 to 1.1.2019 to 1.1.2020 to 1.1.2019 to 30.6.2021 31.12.2019 30.6.2021 31.12.2019 (18 months) (12 months) (18 months) (12 months) RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES Profit before zakat and taxation 167,791 20,590 154,996 44,826 Adjustments for: Depreciation of: - property, plant and equipment 25,385 15,512 1,205 1,056 - investment properties 757 424 207 73 - right-of-use assets 1,227 703 151 - Finance costs 5,201 7,242 21 872 Loss on fair value changes of derivative instruments 18 21 - - Loss on fair value changes in investment in unquoted shares 228 17 228 17 Gain on fair value changes in biological assets (1,160) (550) - - Allowance for impairment on trade and other receivables 6,481 567 - - Allowance/(Reversal) for impairment on contract assets 111 (94) - - Allowance for impairment on amount due from subsidiaries (Note 23) - - - 1,249 Allowance for impairment on investment in subsidiaries - investment (Note 18) - - 27,360 - - advances to subsidiaries (Note 18) - - 40 46 Allowance for impairment on financial guarantee - - 781 - Impairment losses on property, plant and equipment 116 7,147 116 - Reduction in unguaranteed residual value 285 - - - Property, plant and equipment written off 522 1,634 188 - Inventories written down/off 97 632 - - Net unrealised loss on foreign exchange 246 55 - - (Gain)/Loss on disposal of: - property, plant and equipment (168) (2,038) (10) (21) - investment properties (8,237) - - - - non-current assets held for sale (123,490) (28,772) (969) (25,265) - subsidiary 18,815 (293) 26,649 - - associate (30,518) - (71,000) - Dividend income (176) (281) (126,246) (12,781) Finance income (5,713) (3,199) (3,746) (1,610) Forfeiture of deposits payable (805) - - - Provision for liquidated ascertained damages 2,356 - - - Reversal of allowance for impairment on trade and other receivables (288) (570) - - Reversal of allowance for impairment: - amount due from subsidiaries - - (1,472) (361) - advances to subsidiaries - - (8,375) (15,125) Share of results of associates (3,851) (5,273) - - Operating Profit/(Loss) Before Changes in Working Capital 55,230 13,474 124 (7,024) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL PERIOD FROM 1 JANUARY 2020 TO 30 JUNE 2021 (With comparative figures for the year from 1 January 2019 to 31 December 2019) 59 ANNUAL REPORT 2021 FINANCIAL STATEMENTS