Wasco Berhad Integrated Annual Report 2023

Group Company Note 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax Continuing operations 218,256 74,883 17,155 4,374 Discontinued operation 6,145 7,138 - - 224,401 82,021 17,155 4,374 Adjustments for: Property, plant and equipment: - Depreciation charge 56,195 41,783 138 156 - Impairment charge 1,847 - - - - Written off 137 1,530 88 - - Net (gain)/loss on disposal (238) 497 (56) - Investment properties: - Depreciation charge 195 222 213 212 - Impairment charge 19 - - - Right-of-use assets: - Depreciation charge 26,583 28,555 - - Inventories: - Allowance for obsolescence 788 2,877 - - - Write back of allowance for obsolescence (1,777) (369) - - - Written off 1,306 473 - - Net (gain)/loss on disposal of: - assets classified as held for sale (23,095) (5,150) - - - associate - (2,142) - - - subsidiary 305 - - - Share of results of associates (16,307) 11,614 - - Share of results of joint ventures 11,769 11,336 - - Trade and other receivables: - Net (reversal)/impairment charge (5,463) 7,150 - - - (Recovered)/Written off (352) 119 - 23 Statements of Cash Flows FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Integrated Annual Report 2023 166

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