FGV Annual Report 2012

17 F i n a n c i a l S t a t e m e n t s 2 0 1 2 P e n y a t a K e w a n g a n Group Company 2012 2011 2012 2011 (Restated) RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss) for the financial year 905,058 1,400,247 435,981 (94,472) Adjustments for: Taxation 204,582 504,540 4,137 50,634 Zakat 16,580 – – – Depreciation of property, plant and equipment 88,818 103,327 189 121 Depreciation of investment properties 463 – – – Amortisation of intangible assets 11,098 5,851 468 – Amortisation of prepaid lease payments 70 70 – – Accelerated depreciation of biological assets 8,656 – – – Biological assets written off 13,638 4,509 – – Property, plant and equipment written off 697 1,204 – 14 (Gain)/loss on disposal of property, plant and equipment (1,810) 495 – – Impairment loss on property, plant and equipment 32,300 164,687 – – Impairment loss on biological assets 4,316 – – – Impairment loss on investment in a subsidiary – – 115,356 743,700 Impairment loss on investment in a jointly controlled entity – – – 29,014 Impairment of loan due from a related company 26,952 – – – Reversal of impairment of property, plant and equipment (15,497) – – – (Reversal)/impairment of intangible assets (23,878) 42,792 – – (Reversal)/impairment of receivables (79) 79 – – (Reversal)/provision for inventory written down (536) 1,293 – – (Gain)/loss on disposal of subsidiaries – (68,220) 4,528 (532,936) Loss on disposal of jointly controlled entiti-entities – – 36,890 – Provision for restructuring – 1,421 – – Share of results from associates (201,079) (329,328) – – Share of results from jointly controlled entiti-entities 28,125 53,964 – – Net unrealised foreign exchange loss/(gain) 2,905 (4,565) 947 (1,383) Dividend from subsidiaries – – (529,895) (26,037) Dividend from associates – – (196,997) (333,668) Interest expense 111,280 141,211 93,680 118,270 Interest income (107,273) (38,055) (67,475) (11,221) Other losses/(gains), net 204,793 (35,923) – – Provision for retirement benefits 2,523 78 21 24 Share based payments 25,723 – 25,723 – Financial guarantee contract expense – – 13,476 – Operating profit/(loss) before working capital changes 1,338,425 1,949,677 (62,971) (57,940) Changes in working capital: Inventories (161,554) 83,669 – – Biological assets 40,092 23,091 – – Receivables (349,274) 84,480 3,225 77 Intercompany (132,206) (8,927) (118,328) (155,750) Payables 115,631 30,152 25,781 3,707 Cash generated from/(used in) operation 851,114 2,162,142 (152,293) (209,906) Interest income 107,273 35,294 67,475 10,575 Taxation paid (223,511) (519,666) (291) (457) Zakat paid (16,580) – – – Retirement benefit paid (3,279) (618) – – Net cash generated from/(used in) operating activities 715,017 1,677,152 (85,109) (199,788) Statements of Cash Flows for the financial year ended 31 December 2012