FGV Audited Financial Statements 2020

Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (continued) Balance carried forward 1,359,534 708,162 181,682 363,206 Realisation of foreign exchange upon disposal of assets held sale (4,342) - - - Realisation of foreign exchange upon disposal of a subsidiary - (3,658) - - Loss on disposal of an associate - 1,413 - - Impairment loss of receivables (net) 1,572 7,760 195 - Write down of inventory 3,589 2,379 - - Share of results from associates (366) 1,625 - - Share of results from joint ventures (23,441) (14,858) - - Net unrealised foreign exchange loss/(gain) 7,326 (2,685) 59 363 Dividends from subsidiaries - - (239,899) (417,100) Dividend income from financial assets through other comprehensive income (2,814) (1,394) - - Finance costs 161,872 183,158 57,335 132,246 Finance income (39,612) (25,085) (44) (256) Other losses, net 127,282 237,817 - - Fair value changes in biological assets (net) (11,248) (3,318) - - Provision for defined benefit plan (22,189) 16,163 (864) 369 Termination of lease contracts (net) 496 - - - Unwinding of discount for provision for asset retirement 437 459 - - Provision for litigation loss 19,802 - - - Provision for LTIP 2,404 3,589 672 668 Operating profit/(loss) before working capital changes 1,580,302 1,111,527 (864) 79,496 Changes in working capital: Inventories 115,808 734,032 - - Receivables (211,182) 21,604 6,222 5,521 Intercompany 253,622 364,613 104,952 (186,596) Payables 109,720 (271,265) 11,579 3,432 Cash generated from/(used in) operation 1,848,270 1,960,511 121,889 (98,147) Finance income 39,612 25,085 44 256 Taxation paid (118,340) (109,501) (6,414) (160) Zakat paid (16,300) (6,397) - - Tax refunded 4,800 155,476 - 639 Retirement benefit paid (2,363) (17,057) (12) (617) Payment for litigation loss - (32,674) - - Net cash generated from/(used in) operating activities 1,755,679 1,975,443 115,507 (98,029) Statements of Cash Flows For The Financial Year Ended 31 December 2020 22 FGV HOLDINGS BERHAD Audited Financial Statement 2020