Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 22 ASSETS AND LIABILITIES OF DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE (CONTINUED) (a) Assets and liabilities of disposal group classified as held for sale during the financial year (continued) Details of the disposal group classified as held for sale are as follows (continued): Group 2023 RM’000 Lease liabilities (906) Contract liabilities (2,393) Trade and other payables (37,443) Provision for warranties (72) Loans and borrowings (60,762) Total liabilities of disposal group classified as held for sale (101,576) The financial performance and cash flow information of the trading segment classified as discontinued operation are as follow: Group 2023 2022 RM’000 RM’000 Revenue 378,893 320,437 Cost of sales (356,034) (297,837) Gross profit 22,859 22,600 Other operating income 3,399 7,015 Selling and distribution expenses (5,326) (5,605) Administrative and general expenses (11,693) (14,858) Reversal/(Loss) of impairment on financial assets 281 (209) Other gain - net 398 277 Finance costs (3,773) (2,082) Profit before tax 6,145 7,138 Tax (expense)/credit (1,440) 33 Profit from discontinued operations 4,705 7,171 Net cash inflow/(outflow) from operating activities 30,756 (34,490) Net cash inflow from investing activities 16,409 33,001 Net cash (outflow)/inflow from financing activities (51,833) 2,825 Net changes in cash and cash equivalent (4,668) 1,336 Integrated Annual Report 2023 246
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