116 ENRA GROUP BERHAD ANNUAL REPORT 2024 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 Group Company 2024 2023 2024 2023 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax Continuing operations (16,171) (39,476) (14,990) (31,310) Discontinued operations 12 - - - Adjustments for: Impairment loss on goodwill 7 - 400 - - Impairment loss on amounts owing by subsidiaries 10(h) - - 843 3,419 Impairment loss on investment in subsidiaries 6(g) - - 12,109 25,395 Impairment loss on property, plant and equipment 4(c) 519 - - - Fair value gain on short term funds 24 - 4 - 4 Inventories written down 9(c) 1,026 13,481 32 - Depreciation of property, plant and equipment 4 5,836 5,668 30 33 Amortisation of right-of-use assets 5 286 403 94 88 Fair value loss on financial guarantee contracts 24 - - 686 - Fair value loss/(gain) on derivatives 12(c) 74 (98) 77 (41) Unwinding of financial guarantee contracts - - (83) - Gain on disposal of subsidiaries 6(c) (120) - (200) - Unrealised loss/(gain) on foreign exchange 24 109 (805) - - Interest expense: - Unwinding of discount (RCPS) 15 482 532 - - - Unwinding of lease interest 5 130 124 6 3 - Borrowings 3,051 947 1,756 928 Interest income (133) (115) (5,769) (5,015) Bad debts written off - 723 - 723 Share options granted under ESOS 357 18 327 18 Operating loss before changes in working capital (4,542) (18,194) (5,082) (5,755) Decrease/(Increase) in contract assets 972 (94) - - Decrease/(Increase) in inventories 3,398 (1,570) 674 (97) (Increase)/Decrease in trade and other receivables (480) 11,624 (88) (60) (Decrease)/Increase in contract liabilities (1,007) 230 - - (Decrease)/Increase in trade and other payables (8,114) (7,929) 109 (1,571) Cash used in operations (9,773) (15,933) (4,387) (7,483) Tax paid (434) (175) - (2) Net cash used in operating activities (10,207) (16,108) (4,387) (7,485)
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