Tropicana Corporation Berhad Annual Report 2022

STATEMENTS OF CASH FLOWS - GROUP FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 2022 2021 RM’000 RM’000 Cash flows from operating activities Loss before tax (472,360) (35,982) Adjustments for: Depreciation of property, plant and equipment 33,041 32,020 Depreciation of right-of-use assets 6,061 5,014 Amortisation of intangible assets 459 456 Amortisation of deferred license fees (5,603) (4,697) Amortisation of security retainers accumulation fund 11 11 Finance income (11,096) (6,549) Finance costs 193,412 201,451 Share of results of an associate 4,428 (18,587) Share of results of joint ventures (10,682) (22,254) Unrealised profit arising from transaction with a joint venture 199 199 Unrealised foreign exchange gain, net (685) (83) Unrealised returns on security retainers accumulation fund (224) 29 Gain on a bargain purchase – (18,219) Dividend income from other investments (855) (9,265) Reversal of impairment loss on trade and other receivables (2,830) (3,566) (Gain)/loss on disposal of: - property, plant and equipment, net (12) (770) - investment property – 10,000 - quoted shares (49,836) (15,083) - asset classified as held for sale, net 459 – Fair value loss/(gain) on: - investment properties, net 3,510 (19,960) - quoted shares 12,309 (27,386) - biological assets – 62 Impairment loss on: - property, plant and equipment 4,101 – - trade and other receivables 8,616 11,514 - intangible assets – 2,353 Reversal of impairment loss on property, plant and equipment – (2,560) Property, plant and equipment written off 174 82 Net cash (used in)/generated from operating activities carried forward (287,403) 78,230 164 ANNUAL REPORT 2022

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