FGV Audited Financial Statements 2019

221 01 S E C T I O N NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 AUDITED FINANCIAL STATEMENTS 2019 62 EFFECTS OF CHANGE IN ACCOUNTING POLICY (CONTINUED) Impact on change in accounting policy on statements of cash flows Group (in RM’000) Effects on current year Financial year ended 31 December 2019 Restatement of comparative figures Financial year ended 31 December 2018 Previous policy Effects of MFRS 16 adoption As presented As previously stated Effects of MFRS 16 adoption Restated Loss for the financial year (365,547) (5,609) (371,156) (1,142,123) (1,481) (1,143,604) Taxation 28,828 (2,897) 25,931 100,569 (535) 100,034 Depreciation of property, plant and equipment 709,474 (37,077) 672,397 686,136 (38,866) 647,270 Impairment loss on property, plant and equipment 168,083 (8,281) 159,802 215,750 319 216,069 Amortisation of prepaid lease payment 2,158 (2,158) - 3,700 (3,700) - Depreciation of right-of-use assets - 71,239 71,239 - 80,651 80,651 Impairment loss/ (reversal of impairment loss) on right-of-use assets - 8,281 8,281 - (319) (319) Termination of lease contracts - - - - (2,096) (2,096) Finance expense 167,535 15,623 183,158 189,274 13,168 202,442 Net cash generated from operating activities 1,936,322 39,121 1,975,443 957,153 47,141 1,004,294 Cash flows from investing activities Purchase of property, plant and equipment (625,754) 4,860 (620,894) (963,703) 4,976 (958,727) Purchase of right-of-use assets - (4,860) (4,860) - (4,976) (4,976) Net cash used in investing activities (484,049) - (484,049) (814,194) - (814,194) Cash flows from financing activities Payment of lease liabilities - (39,121) (39,121) - (47,141) (47,141) Net cash used in financing activities 1,056,591 (39,121) 1,017,470 (738,726) (47,141) (785,867)