Sasbadi Annual Report 2019

PAGE 60 SASBADI HOLDINGS BERHAD FINANCIAL STATEMENTS (continued) Statements of cash flows for the year ended 31 August 2019 Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Restated Cash flows from operating activities Profit before tax 6,876 4,229 174 239 Adjustments for: Amortisation of intangible assets 1,407 1,292 - - Depreciation of property, plant and equipment 2,335 2,575 - - Property, plant and equipment written off 180 6 - - Depreciation of investment properties 52 52 - - Dividend income (7) (9) (960) (1,080) Finance costs 2,882 3,011 - - Finance income (26) (22) (1) (1) Gain on disposal of property, plant and equipment (108) (78) - - Gain on disposal of other investments - (10) - - Provision of inventories write-down, net 2,996 3,634 - - Impairment loss on trade receivables 482 1,909 - - Unrealised foreign exchange gain (10) - - - Operating profit/(loss) before changes in working capital 17,059 16,589 (787) (842) Changes in inventories (2,980) (11,783) - - Changes in trade and other receivables and prepayments 1,116 (3,792) (340) 348 Changes in trade and other payables (1,498) (1,490) 35 (59) Changes in contract costs 651 (28) - - Changes in contract liabilities (1,803) 9 - - Changes in right to recover returned goods (778) 127 - - Changes in refund liabilities 1,502 (238) - - Cash generated from/(used in) operations 13,269 (606) (1,092) (553) Dividend received - - 1,080 480 Interest paid (1,492) (1,514) - - Interest received 26 22 1 1 Tax paid (5,164) (6,047) (4) (12) Tax refunded 4,410 1,580 17 9 Net cash generated from/(used in) operating activities 11,049 (6,565) 2 (75)