FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 343 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 62 FIRST TIME ADOPTION OF MFRS FRAMEWORK (CONTINUED) Impact of first time adoption of MFRS framework (continued) (a) MFRS 15 and 141 (continued) Restatement of comparative figures Group Financial year ended 31 December 2017 Impact on statements of cash flows As per previous accounting framework RM’000 MFRS 15 RM’000 MFRS 141 RM’000 As per current accounting framework RM’000 Profit/(loss) for the financial year 208,046 (4,672) (6,032) 197,342 Taxation 203,488 118 (3,478) 200,128 Depreciation of property, plant and equipment 572,818 - 93 572,911 Property, plant and equipment written off 22,901 - 37 22,938 Amortisation of biological assets 93 - (93) - Biological assets writen off 5,852 - (5,852) - Changes in biological assets - - 14,493 14,493 Working capital changes – inventories 58,846 (5,410) - 53,436 Working capital changes – receivables 324,225 11,071 - 335,296 Working capital changes – payables (220,582) (1,107) - (221,689) Net cash generated from operations 1,751,264 - (832) 1,750,432 Addition of biological assets (832) - 832 - Net cash used in investing activities (816,191) - 832 (815,359) The adoption of MFRS 15 and MFRS 141 did not have any impact on the Company’s financial statements.