Wah Seong Corporation Berhad Annual Report 2017

FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 82 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 Note Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit/(Loss) before tax 122,605 (225,864) 23,017 7,220 Adjustments for: Property, plant and equipment: - Depreciation charge 144,713 84,919 237 418 - Written off 239 608 - 2 - Net gain on disposal (36,006) (1,748) (98) - Prepaid lease payments: - Amortisation charge 1,509 1,578 - - - Gain on disposal (64,071) - - - Depreciation of investment properties 236 372 236 225 Loss/(Gain) on disposal of a subsidiary 8,363 (8,532) (12,235) - Inventories: - Allowance for obsolescence 6,207 5,815 - - - Write back of allowance for obsolescence (840) (91) - - - Written off 30 1,451 - - Impairment loss on investment in an associate 271 56,487 - - Impairment loss on: - amount owing by subsidiaries - - - 7,856 - amount owing by an associate - 885 - 885 - property, plant and equipment 72,842 99,111 - - - investment properties - 16 - - Share of results of associates 4,863 53,855 - - Share of results of joint ventures (9,877) (7,812) - - Gain on disposal of non-current asset held for sale - (10,541) - -