Sasbadi Annual Report 2021

75 ANNUAL REPORT 2021 FINANCIAL STATEMENTS (continued) 75 SASBADI HOLDINGS BERHAD (Incorporated in Malaysia) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2021 Group Company 2021 2020 2021 2020 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (Loss)/Profit before tax (10,456) (9,304) (939) 34 Adjustments for: Amortisation of intangible assets 7 1,422 1,421 - - Depreciation of property, plant and equipment 5 2,517 2,763 - - Depreciation of investment properties 6 53 54 - - Dividend income (1) (5) (5,241) (840) Finance costs 22 1,623 2,279 - - Finance income (10) (22) (1) (1) Gain on disposals of property, plant and equipment (211) (133) - - Impairment loss on amount due from subsidiaries 15 - - 3,233 - Impairment loss on property, plant and equipment 5 - 345 - - Impairment loss on investment in subsidiaries 8 - - 2,316 278 Impairment loss on goodwill 7 533 - - - Income from rent concession - (12) - - Net write down of inventories 12 10,997 5,293 - - Net (reversal)/impairment loss on trade receivables 15 (913) 1,544 - - Property, plant and equipment written off 5 28 - - - Share-based payment 29 500 400 - - Operating profit/(loss) before changes in working capital 6,082 4,623 (632) (529) Changes in working capital: Inventories (141) (1,233) - - Trade and other receivables and prepayments 5,378 5,665 (32) (148) Trade and other payables 1,658 (5,200) (32) (259) Contract costs 14 18 (216) - - Contract liabilities 14 (99) 701 - - Right to recover returned goods 13 293 752 - - Refund liabilities 13 (538) (1,437) - - Cash generated from/(used in) operations 12,651 3,655 (696) (936) Dividend received - - 960 960 Interest paid (1,179) (1,430) - - Interest received 10 22 1 1 Tax paid (2,474) (4,258) - (2) Tax refunded 4,806 886 - - Net cash from/(used in) operating activities 13,814 (1,125) 265 23