Sasbadi Annual Report 2020

59 ANNUAL REPORT 2020 FINANCIAL STATEMENTS (continued) Statements of cash flows for the year ended 31 August 2020 Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities (Loss)/Profit before tax (9,304) 6,876 34 174 Adjustments for: Amortisation of intangible assets 1,421 1,407 - - Depreciation of property, plant and equipment 2,763 2,335 - - Property, plant and equipment written off - 180 - - Depreciation of investment properties 54 52 - - Dividend income (5) (7) (840) (960) Finance costs 2,279 2,882 - - Finance income (22) (26) (1) (1) Gain on disposal of property, plant and equipment (133) (108) - - Net write down of inventories 5,293 2,996 - - Net impairment loss on trade receivables 1,544 482 - - Impairment loss on property, plant and equipment 345 - - - Impairment loss on investment in subsidiaries - - 278 - Income from rent concession (12) - - - Share-based payment 400 - - - Unrealised foreign exchange gain - (10) - - Operating profit/(loss) before changes in working capital 4,623 17,059 (529) (787) Changes in inventories (1,233) (2,980) - - Changes in trade and other receivables and prepayments 5,665 1,116 (148) (340) Changes in trade and other payables (5,200) (1,498) (259) 35 Changes in contract costs (216) 651 - - Changes in contract liabilities 701 (1,803) - - Changes in right to recover returned goods 752 (778) - - Changes in refund liabilities (1,437) 1,502 - - Cash generated from/(used in) operations 3,655 13,269 (936) (1,092) Dividend received - - 960 1,080 Interest paid (1,430) (1,492) - - Interest received 22 26 1 1 Tax paid (4,258) (5,164) (2) (4) Tax refunded 886 4,410 - 17 Net cash (used in)/generated from Operating activities (1,125) 11,049 23 2