FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 189 Group Company 2013 2012 2013 2012 Note RM’000 RM’000 RM’000 RM’000 Operating profit/(loss) before working capital changes brought forward 836,799 1,338,425 (116,021) (62,971) Changes in working capital: Inventories (180,075) (161,554) - - Biological assets 25,945 40,092 - - Receivables 30,607 (349,274) (1,033) 3,225 Intercompany 31,557 (132,206) 59,145 (118,328) Payables 151,782 115,631 (12,530) 25,781 Cash generated from/(used in) operation 896,615 851,114 (70,439) (152,293) Finance income 144,306 107,273 123,794 67,475 Taxation paid (261,462) (223,511) (413) (291) Zakat paid (32,612) (16,580) - - Retirement benefit paid (1,544) (3,279) (34) - Net cash generated from/(used in) operating activities 745,303 715,017 52,908 (85,109) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (252,269) (147,016) (9,780) (50) Additions of biological assets (67,319) (69,224) - - Purchase of intangible assets (8,364) (16,145) (1,824) (6,217) Acquisition of plantation estates - (54,690) - - Proceeds from disposal of subsidiaries - - - 820,683 Proceeds from disposal of an associate 551,435 - 551,435 - Net cash outflow from acquisition of subsidiaries/ business 22 (1,578,276) (9,884) (3,536,008) (283,400) Payment for asset retirement obligations (43) (29) - - Payment for restructuring costs (105) (1,309) - - Proceeds from disposal of property, plant and equipment 6,116 6,187 - - Proceeds from assets held for sale 6,513 - - - Repayment/(disbursement) of loan to a joint venture 75,033 (29,552) - - Additional investment in a joint venture - (38,984) - - Advances to subsidiaries - - (51,218) (1,180,417) Deposits for acquisition of subsidiaries (12,719) - - - Dividend received from subsidiaries - - 319,011 314,502 Dividend received from associates 76,863 195,110 158,782 113,190 Net cash used in investing activities (1,203,135) (165,536) (2,569,602) (221,709)