FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 188 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 Group Company 2013 2012 2013 2012 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit for the financial year 1,108,298 905,058 611,351 435,981 Adjustments for: Continuing operations Taxation 366,659 204,582 (16,990) 4,137 Zakat 32,612 16,580 - - Negative goodwill arising from business combinations (67,581) - - - Gain on fair value remeasurement of acquisition of a subsidiary (263,280) - - - Depreciation of property, plant and equipment 98,818 88,818 779 189 Impairment loss on property, plant and equipment 40,000 32,300 - - Reversal of impairment of property, plant and equipment - (15,497) - - Property, plant and equipment written off 2,335 697 5 - Gain on disposal of property, plant and equipment (5,978) (1,810) - - Loss on disposal of property, plant and equipment 2,032 - - - Depreciation of investment properties 224 463 - - Impairment loss in investment property 1,622 - - - Gain on disposal of investment properties (4,508) - - - Amortisation of intangible assets 11,064 11,098 1,608 468 Reversal of impairment of intangible assets - (23,878) - - Amortisation of prepaid lease payments 150 70 - - Accelerated depreciation of biological assets 8,682 8,656 - - Impairment loss on biological assets 663 4,316 - - Biological assets written off 32,195 13,638 - - Gain on disposal of assets held for sale (5,381) - - - Impairment loss on investment in a subsidiary - - 12,391 115,356 Loss on disposal of subsidiaries - - - 4,528 Gain on disposal of associate (26,673) - (343,822) - Loss on disposal of joint venture - - - 36,890 Impairment of loan due from a related company - 26,952 - - Impairment/(reversal) of receivables 611 (79) - - Provision/(reversal) for inventory written down 1,012 (536) - - Share of results from associates (83,368) (201,079) - - Share of results from joint ventures 85,596 60,676 - - Net unrealised foreign exchange loss 26,683 2,905 - 947 Dividend from subsidiaries - - (273,819) (529,895) Dividend from associates - - (76,863) (196,997) Finance expense 103,429 111,280 93,168 93,680 Finance income (164,172) (107,273) (123,797) (67,475) Other (gains)/losses, net (494,261) 204,793 - - Provision for retirement benefits 563 2,523 (32) 21 Share based payments - 25,723 - 25,723 Financial guarantee contract expense - - - 13,476 Discontinued operation: Share of results from joint venture 28,753 (32,551) - - Operating profit/(loss) before working capital changes carried forward 836,799 1,338,425 (116,021) (62,971)