Tropicana Corporation Berhad Annual Report 2019

Statement of Cash Flows - Company For the financial year ended 31 December 2019 2019 2018 RM’000 RM’000 Cash flows from operating activities Loss before tax (58,054) (14,881) Adjustments for: Depreciation of property, plant and equipment 548 456 Depreciation of right-of-use assets 1,671 – Finance income (31,978) (30,782) Finance costs 36,332 44,665 Net gain on disposal of property, plant and equipment – (24) Impairment loss on trade and other receivables – 12 Impairment loss on investments in subsidiaries 62,916 6,266 Dividend income (46,263) (28,000) Operating loss before working capital changes (34,828) (22,288) Changes in working capital: Trade and other receivables (898,167) (21,472) Trade and other payables 806,849 177,428 Cash (used in)/generated from operations (126,146) 133,668 Finance costs paid (23,254) (27,964) Net tax paid (242) (2,176) Net cash (used in)/generated from operating activities (149,642) 103,528 Cash flows from investing activities Purchase of property, plant and equipment (964) (317) Dividend income 46,263 – Finance income received 31,978 30,782 Proceeds from disposal of property, plant and equipment – 24 Subscription of additional shares in subsidiaries, net of expenses (6,560) (57,666) Proceeds from capital reduction 13,800 – Net cash generated from/(used in) investing activities 84,517 (27,177) Cash flows from financing activities Drawdown from borrowings 44,154 69,360 Repayment of borrowings (143,140) (119,845) Repayment of hire purchase (81) (41) Proceeds from issuance of warrants 8 – Proceeds from issuance of perpetual bond 248,000 – (Placements)/uplift of debt service reserve, escrow accounts and deposits with licensed banks not available for use (1,019) 12,339 Purchase of treasury shares (26,725) (18,402) Repayment of principal portion of lease liabilities (1,774) – Dividends paid to shareholders of the Company (39,963) (23,420) Net cash generated from/(used in) financing activities 79,460 (80,009) Net increase/(decrease) in cash and cash equivalents 14,335 (3,658) Cash and cash equivalents at beginning of financial year 1,042 4,700 Cash and cash equivalents at end of financial year (Note 26) 15,377 1,042 The accompanying accounting policies and explanatory information form an integral part of the financial statements. Tropicana Corporation Berhad Annual Report 2019 pg 128 About Tropicana Our Strategic Performance Our Leadership