Group Company Note 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss) before tax 82,021 (100,341) 4,374 (1,308) Adjustments for: Property, plant and equipment: - Depreciation charge 41,783 38,170 156 114 - Impairment charge - 4,243 - - - Written off 1,530 333 - - - Net loss/(gain) on disposal 497 (259) - - Investment properties: - Depreciation charge 222 223 212 274 - Impairment charge - 3,545 - - Right-of-use assets: - Depreciation charge 28,555 27,967 - - Inventories: - Allowance for obsolescence 2,877 1,715 - - - Write back of allowance for obsolescence (369) (120) - - - Written off 473 203 - - Net gain on disposal of: - assets classified as held for sale (5,150) (18,082) - - - associate (2,142) - - - Share of results of associates 11,614 49,027 - - Share of results of joint ventures 11,336 24,669 - - Trade and other receivables: - Net impairment/(reversal) charge 7,150 (95) - - - Written off 119 19 23 - Impairment loss/(reversal) on: - amounts owing by associate 21,270 7,386 (43) 5 - amount owing by a subsidiary - - 2,560 232 - investment in a subsidiary - - 4,656 8,124 - investment in an associate 39,537 14,511 - - - investment in a joint venture 8,989 3,000 - - Net provision for warranties 9,784 2,380 - - Net unrealised (gain)/loss on foreign exchange (11,269) (5,871) 97 337 Dividend income - - (22,440) (22,766) Interest income (4,378) (3,507) (949) (910) Interest expense 45,377 36,148 4,097 4,470 Fair value loss on: - derivative financial instruments 31 2,144 2,595 - - - investment in equity instruments 31 - 2 - - 291,970 87,861 (7,257) (11,428) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Wah Seong Corporation Berhad Annual Report 2022 106
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