FGV Audited Financial Statements 2024

Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) Balance brought forward 1,510,614 1,207,086 849,837 137,777 Adjustments for (continued): Gain on liquidation of a subsidiary – (786) – – Loss on disposal of subsidiaries – 2,234 – – Realisation of foreign exchange loss upon liquidation of a subsidiary – 970 – – Realisation of foreign exchange loss upon disposal of subsidiaries – 6,362 – – Loss on disposal of biological assets 895 1,014 – – Biological asset written off 343 79 – – Reversal of impairment loss on receivables (net) (1,855) (2,733) – – Inventories written off 9,535 5,136 – – Allowance for inventories obsolescence 6,948 5,230 – – Share of results from associates 1,903 1,498 – – Share of results from joint ventures (31,681) (24,836) – – Net unrealised foreign exchange (gain)/loss (3,992) 2,668 (463) 294 Dividends from subsidiaries – – (945,292) (199,756) Dividend income from financial assets at fair value through other comprehensive income (3,739) (3,258) – – Finance costs 136,057 125,154 97,847 84,443 Finance income (42,255) (35,123) (3,246) (1,141) Other losses, net 403,724 108,738 – – Fair value changes in biological assets (net) (42,343) 25,885 – – Provision for defined benefit plan 7,575 17,837 142 384 Termination of lease contracts (net) (2,261) 299 – – Provision for asset retirement 4,984 – – – Unwinding of discount for provision for asset retirement 372 418 – – Operating profit before working capital changes 1,954,824 1,443,872 (1,175) 22,001 Statements of Cash Flows For the financial year ended 31 December 2024 21

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