Page 141 - MSM_AR2020

SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

STATEMENTS OF

CASH FLOWS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

Group Company
Note 2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
CASH FLOWS FROM OPERATING ACTIVITIES
(Loss)/profit for the financial year from:
- Continuing operations 3,863 (288,490) 47,318 (358,656)
- Discontinuing operations (75,091) (11,279) - -
(71,228) (299,769) 47,318 (358,656)
Adjustments for: 139
Taxation 30,498 (11,074) 2,448 1,373
Depreciation of property, plant and equipment 72,830 78,849 657 707
Gain on disposal of property, plant and equipment (18) - - -
Depreciation of right-of-use asset 3,001 3,643 496 835
Loss on lease modification 453 - 453 -
Loan modification credit/(costs) recharged
to a subsidiary - - 11,695 (26,818)
Intangible assets written off 534 1,086 534 1,080
(Reversal of impairment)/Impairment of
property, plant and equipment (3,807) 130,637 - -
(Reversal of impairment)/Impairment of MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
right-use-of assets (7,968) 7,968 - -
Property, plant and equipment written off 1,393 1,444 - 264
Rent concession (219) - - -
Impairment of intangible assets - 179 - -
Amortisation of intangible assets 5,709 8,722 1,474 1,778
Amortisation of advance payment 2,204 1,508 - -
Loss on disposal of asset held for sale 12 - - -
Unrealised gain on sugar future contracts - (2,388) - -
Unrealised loss/(gain) on foreign currency
exchange translation 2,627 (29) - -
Unrealised loss/(gain) on foreign currency
exchange forward contracts 929 (68) - -
Asset held for sale written-off 387 480 - -
Inventories written down to net realisable value - 49,432 - -
Dividend income - - (75,000) (43,718)
Interest income (3,835) (4,032) (49,803) (60,366)
Interest expense 36,784 82,128 28,909 73,844
Impairment loss of investment in a subsidiary - - 27,362 437,672
Impairment/(Reversal of impairment) of
receivables and loans due from subsidiaries and
related company 6,565 4,583 (419) (32,282)
Inventories written off 1,376 1,537 - -
Allowance for inventory obsolescence 18,545 - - -
Zakat 1,486 14 - -
Ineffective portion of cash flow hedge 417 - 417 -
Non-Cash item from continuing operations 169,903 354,619 (50,777) 354,369