FGV Annual Report 2014

Group Company Note 2014 RM’000 2013 RM’000 2014 RM’000 2013 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit for the financial year 538,652 1,108,298 450,500 611,351 Adjustments for: Continuing operations Taxation 277,456 366,659 (3,609) (16,990) Zakat 13,184 32,612 – – Negative goodwill arising from business combinations – (67,581) – – Gain on fair value remeasurement on acquisition of a subsidiary – (263,280) – – Depreciation of property, plant and equipment 391,064 98,818 1,037 779 Impairment loss on property, plant and equipment 5,264 40,000 – – Reversal of impairment of property, plant and equipment (16,379) – – – Property, plant and equipment written off 26,466 2,335 2,735 5 Gain on disposal of property, plant and equipment (754) (5,978) – – Loss on disposal of property, plant and equipment 20,177 2,032 – – Depreciation of investment properties 11,746 224 73 – Impairment loss in investment property – 1,622 – – Gain on disposal of investment properties – (4,508) – – Amortisation of intangible assets 33,526 11,064 1,652 1,608 Intangible assets written off 272 – – – Amortisation of prepaid lease payments 2,799 150 – – Impairment loss on prepaid lease payments 76 – – – Prepaid lease payments written off 2 – – – Biological assets consumed 33,566 25,945 – – Accelerated depreciation of biological assets 9,356 8,682 – – Impairment loss on biological assets (net) 872 663 – – Impairment of amount due from a significant shareholder 2,066 – – – Biological assets written off 3,590 32,195 – – Loss/(gain) on disposal of assets held for sale 2,497 (5,381) – – (Reversal of)/impairment loss in a subsidiary – – (12,391) 12,391 Gain on disposal of an associate – (26,673) – (343,822) Gain on disposal of a joint venture (12,618) – – – (Reversal of)/impairment loss on investment in joint ventures (net) (58,797) – – – Impairment of receivables (net) 180 611 – – Write down of inventory to net realisable value 13,605 1,012 – – Share of results from associates (9,320) (83,368) – – Share of results from joint ventures (21,375) 85,596 – – Net unrealised foreign exchange loss/(gain) 8,335 26,683 (8,360) – Introduction Performance Highlights About FGV Reports Financial Statements Others Strategy and Value Creation Performance Review & Progress Foreword to Shareholders Annual General Meeting Annual Report 2014 pg 173 STATEMENTS OF CASH FLOWS As At 31 December 2014