FGV Annual Integrated Report 2019

41 ANNUAL INTEGRATED REPORT 2019 03 S E C T I O N STATEMENT OF CASH FLOWS Group In RM ’ 000 2019 2018 (Restated) CASH FLOWS FROM OPERATING ACTIVITIES Loss for the financial year (371,156) (1,143,604) Adjustments for: Taxation 25,931 100,034 Zakat 6,397 18,603 Depreciation of property, plant and equipment 672,397 647,270 Impairment loss on property, plant and equipment (net) 159,802 216,069 Property, plant and equipment written off 14,486 24,488 Loss/(gain) on disposal of property, plant and equipment (net) 12 (80) Depreciation of right-of-use assets 71,239 80,651 Impairment loss/(reversal of impairment) on right-of-use assets 8,281 (319) Depreciation of investment properties 12,321 12,417 Impairment loss on investment properties - 1,218 Amortisation of intangible assets 27,779 27,395 Intangible assets written off 2,173 2,784 Impairment loss on intangible assets 179 526,625 Impairment loss on assets held for sale - 52,080 (Reversal of impairment)/impairment loss on amount due from a significant shareholder (27,860) 40,844 Impairment loss on amounts due from joint ventures 89,669 20,212 (Reversal of impairment)/impairment loss on amounts due from other related companies (30,440) 19,990 Impairment loss on loan due from a joint venture 47,171 2,300 Gain on liquidation of a subsidiary - (1,912) Gain on disposal of a subsidiary (219) - Realisation of foreign exchange upon disposal of a subsidiary (3,658) - Impairment loss on investment in a joint venture - 1,350 Loss on disposal of an associate 1,413 18,494 Gain on disposal of financial assets at fair value through profit or loss - (2,783) Impairment of receivables (net) 7,760 69,814 Write-down of inventory to net realisable value 2,379 9,655 Share of results from associates 1,625 11,721 Share of results from joint ventures (14,858) 29,324 Net unrealised foreign exchange (gain)/loss (2,685) 5,230 GROUP CASH FLOW The Group’s total cash balance as at 31 December 2019 increased by 33% to RM1,618 million compared to RM1,220 million in 2018. Cash flow improved due to improved working capital management, receivables, better tax recoverability and proceeds from the disposal of a subsidiary and an associate during the year. MANAGEMENT DISCUSSION & ANALYSIS STATEMENTS AND ANALYSIS