20 FGV HOLDINGS BERHAD Note Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) Balance brought forward 2,780,153 2,543,101 614,245 289,622 Loss on liquidation of a subsidiary 290 - - - Realisation of foreign exchange upon liquidation of a subsidiary (1,881) - - - Loss on disposal of biological assets 619 - - - Biological asset written off 25 - - - Impairment loss of receivables (net) 13,443 2,942 - - Inventories written off 8,694 9,157 - - Share of results from associates (2,658) (3,551) - - Share of results from joint ventures (146,164) (35,858) - - Net unrealised foreign exchange loss/(gain) 3,096 5,133 (5,079) 875 Dividends from subsidiaries - - (704,614) (374,547) Dividend income from financial assets at fair value through other comprehensive income (7,046) (2,572) - - Finance costs 126,510 126,933 96,002 78,989 Finance income (26,256) (22,728) (69) (31) Other losses/(gains), net 364,756 (27,195) - - Fair value changes in biological assets (net) 27,381 (56,780) - - Provision for defined benefit plan 5,436 7,345 74 83 Termination of lease contracts 326 (12) - - (Reversal of provision)/provision for asset retirement (10,116) 8,245 - - Unwinding of discount for provision for asset retirement 421 447 - - Provision for remediation of recruitment fees 112,000 - - - Operating profit/(loss) before working capital changes 3,249,029 2,554,607 559 (5,009) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022
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