Tropicana Corporation Berhad Annual Report 2019

Statements of Cash Flows - Group For the financial year ended 31 December 2019 2019 2018 RM’000 RM’000 Cash flows from operating activities Profit before tax 367,474 320,231 Adjustments for: Depreciation of property, plant and equipment 27,168 24,258 Depreciation of right-of-use assets 9,606 – Amortisation of intangible assets 271 106 Finance income (18,468) (27,792) Finance costs 75,850 66,855 Share of results of an associate (819) (546) Share of results of joint ventures (11,258) (419) Unrealised profit arising from transaction with joint venture 7,741 – Gain on a bargain purchase (321,346) (15,911) Reversal of impairment loss on trade and other receivables (7,113) (3,028) Gain on disposal of: - property, plant and equipment, net (327) (10,246) - joint venture – (24,427) - assets classified as held for sale, net (322) – Unrealised foreign exchange loss/(gain), net 2 (1) Amortisation of deferred license fees (4,466) (4,402) Amortisation of security retainers accumulation fund 11 11 Unrealised returns on security retainers accumulation fund (216) (281) Net fair value loss/(gain) on investment properties 674 (31,422) Impairment loss on property, plant and equipment 50,767 – Impairment loss on trade and other receivables 1,588 10,255 Impairment loss on intangible assets 25,643 1,475 Property, plant and equipment written off 4,976 48 Loss on disposal of investment properties 3,255 – Inventories written down 56,314 – Bad debts written off 839 80 Property development costs written off 16,996 – Operating profit before working capital changes 284,840 304,844 Changes in working capital: Trade and other receivables 372,477 89,021 Contract cost assets 165,040 103,727 Contract assets 11,319 109,432 Inventories (74,014) (206,110) Trade and other payables (499,516) (114,032) Contract liabilities (87,265) 4,721 Finance costs paid (173,374) (114,729) Net taxes paid (104,954) (128,825) Net cash (used in)/generated from operating activities (105,447) 48,049 Tropicana Corporation Berhad Annual Report 2019 pg 126 About Tropicana Our Strategic Performance Our Leadership