Tropicana Corporation Berhad Annual Report 2018

TROPICANA CORPORATION BERHAD 114 ABOUT TROPICANA OUR STRATEGIC PERFORMANCE OUR LEADERSHIP SUSTAINABILITY AT TROPICANA STATEMENTS OF CASH FLOWS - GROUP FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 Group 2018 RM’000 2017 RM’000 Cash flows from operating activities Profit before tax 320,231 278,428 Adjustments for: Depreciation of property, plant and equipment 24,258 23,715 Amortisation of intangible assets 106 - Finance income (27,792) (26,190) Finance costs 66,855 62,478 Share of results of an associate (546) 1,121 Share of results of joint ventures (419) (24,958) Gain on disposal of investment properties - (1,444) Net gain on disposal of property, plant and equipment (10,246) (1,957) Property, plant and equipment written off 48 1,358 Net fair value gain on investment properties (31,422) (36,291) Amortisation of deferred license fees (4,402) (4,321) Amortisation of security retainers accumulation fund 11 12 Impairment loss on intangible assets 1,475 - Impairment loss on trade and other receivables 10,255 5,256 Reversal of impairment loss on trade and other receivables (3,028) (180) Bad debts written off 80 432 Unrealised returns on security retainers accumulation fund (281) (216) Gain on disposal of a joint venture (24,427) - Gain on a bargain purchase (15,911) - Unrealised foreign exchange loss - 117 Operating profit before working capital changes 304,845 277,360 Changes in working capital: Trade and other receivables 89,021 (177,663) Contract cost assets 103,727 103,241 Contract assets 109,432 100,510 Inventories (206,110) (690) Trade and other payables (114,033) 95,413 Contract liabilities 4,721 6,591 Finance costs paid (114,729) (120,476) Net taxes paid (128,825) (88,642) Net cash generated from operating activities 48,049 195,644