FGV Annual Integrated Report 2019

42 FGV HOLDINGS BERHAD MANAGEMENT DISCUSSION & ANALYSIS STATEMENTS AND ANALYSIS Group In RM ’ 000 2019 2018 (Restated) Dividend income from financial assets through other comprehensive income (1,394) (2,529) Finance expense 183,158 202,442 Finance income (25,085) (33,969) Other losses (net) 237,817 227,236 Fair value changes in biological assets (net) (3,318) 11,892 Provision for defined benefit plan 16,163 2,606 Termination of lease contracts (net) - (2,096) Reversal of provision for asset retirement - (1,500) Unwinding of discount for provision for asset retirement 459 465 Reversal of onerous contract (net) - (845) Provision for litigation loss - 2,700 Provision for LTIP 3,589 5,283 Operating profit before working capital changes 1,111,527 1,201,555 Changes in working capital: Inventories 734,032 63,253 Receivables 21,604 57,252 Intercompany 364,613 (299,784) Payables (271,265) 2,082 Cash generated from operation 1,960,511 1,024,358 Finance income 25,085 33,969 Taxation paid (109,501) (48,501) Zakat paid (6,397) (18,603) Tax refunded 155,476 18,731 Retirement benefit paid (17,057) (5,660) Payment for litigation loss (32,674) - Net cash generated from operating activities 1,975,443 1,004,294 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (620,894) (958,727) Purchase of right-of-use assets (4,860) (4,976) Purchase of investment properties - (14,511) Purchase of assets held for sale - (3,100) Purchase of intangible assets (3,262) (17,273) Additions of financial assets at fair value through other comprehensive income (8,034) (13,593) Additions of financial assets at fair value through profit or loss (net) (23,781) (41,152) Net cash outflow from liquidation of subsidiaries - (121) Net cash inflow from disposal of subsidiary 77,347 -