Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Profit before tax 1,951,828 1,442,822 527,114 39,196 Adjustments for: Depreciation of investment properties 2,141 2,609 - - Depreciation of property, plant and equipment 551,384 401,617 13 13 Depreciation of right-of-use assets 30,555 33,125 - - Dividend income - - (545,748) (230,030) Finance costs 241,990 170,799 138,679 96,500 Finance income (9,921) (5,807) (130,962) (88,042) Impairment loss on investment in a subsidiary - - 7,128 3,500 Gain on disposal of right-of-use assets - (30) - - Gain on derecognition of right-of-use assets (60) (1,958) - - Gain on disposal of property, plant and equipment (228) (444) - - Others 383 2,983 - - Property, plant and equipment written off 18,035 6,813 - - Share of profit of equity-accounted associates, net of tax (174,405) (82,230) - - Unrealised derivative loss/(gain) 619 (7) (78,030) 83,815 Unrealised foreign exchange (gain)/loss (927) 7,244 49,264 33,581 Operating profit/(loss) before changes in working capital 2,611,394 1,977,536 (32,542) (61,467) Change in derivatives (56,053) (46,041) - - Change in inventories (60,562) (1,171,049) - - Change in trade and other payables and provisions (43,955) 383,499 5,581 (16,433) Change in trade and other receivables and prepayments (233,541) (705,052) (1,306,632) 33,570 Change in contract assets 115 674 - - Change in contract liabilities (286) (4) - - Cash generated from/(used in) operations 2,217,112 439,563 (1,333,593) (44,330) Tax paid (158,937) (31,691) (1,550) (2,821) Net cash from/(used in) operating activities 2,058,175 407,872 (1,335,143) (47,151) STATEMENTs OF Cash flows For the year ended 31 December 2022 STATEMENTs OF Cash flows PRESS METAL ALUMINIUM HOLDINGS BERHAD 209
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