FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD FINANCIAL STATEMENTS 132 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) Balance brought forward 1,084,787 1,120,968 138,767 (33,443) Impairment loss in a subsidiary - - - 80,152 Loss/(gain) on liquidation of a subsidiary 68 (26,124) 68 - Gain on disposal of available-for-sale financial assets (73,196) - - - Gain on disposal of financial assets at fair value through profit or loss (3,492) - - - Gain on redemption of Redeemable Cumulative Preference Share (“RCPS”) of an associate (2,700) - - - Financial assets at fair value through profit or loss written off - 6,433 - - Impairment of receivables (net) 89,444 37,040 - - Write down of inventory to net realisable value 5,979 411 - - Share of results from associates (21,336) (29,767) - - Share of results from joint ventures (6,188) 19,478 - - Net unrealised foreign exchange (gain)/loss (4,626) 993 (757) (2,393) Dividends from subsidiaries - - (353,083) (254,002) Dividends from available-for-sale financial assets (2,582) (2,873) - - Finance expense 183,421 184,007 98,674 107,547 Finance income (73,060) (56,796) (806) (2,540) Other losses, net 259,522 70,448 - - Provision for defined benefit plan 11,523 18,115 287 648 Reversal of provision for asset retirement - (1,000) - - Unwinding of discount for provision for asset retirement 1,385 623 - - Tax penalty 2,293 - 2,196 - (Reversal of)/provision for onerous contract (16,637) 19,367 - - Provision for litigation loss 32,841 - - - Provision for LTIP 8,579 429 2,425 215 Operating profit/(loss) before working capital changes 1,476,025 1,361,752 (112,229) (103,816)