FGV Annual Report 2020

Group 2020 RM’000 2019 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss) for the financial year 134,193 (371,156) Adjustments for: Taxation 195,571 25,931 Zakat 16,300 6,397 Depreciation of property, plant and equipment 662,510 672,397 Impairment loss on property, plant and equipment (net) 221,769 159,802 Property, plant and equipment written off 34,332 14,486 (Gain)/loss on disposal of property, plant and equipment (net) (4,119) 12 Depreciation of right-of-use assets 84,334 71,239 Impairment loss on right-of-use assets 20,305 8,281 Depreciation of investment properties 12,260 12,321 Amortisation of intangible assets 23,655 27,779 Intangible assets written off - 2,173 Impairment loss on intangible assets - 179 Gain on disposal of assets held for sale (33,762) - Reversal of impairment on amounts due from an ultimate holding company (13,341) (27,860) Impairment loss on amounts due from joint ventures 4,000 89,669 Reversal of impairment on amounts due from other related companies (24) (30,440) Impairment loss on loans due from joint ventures - 47,171 Impairment loss on contract assets 1,551 - Gain on disposal of a subsidiary - (219) 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 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) Dividend income from financial assets through other comprehensive income (2,814) (1,394) Finance costs 161,872 183,158 Finance income (39,612) (25,085) 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 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 Operating profit before working capital changes 1,580,302 1,111,527 Changes in working capital: Inventories 115,808 734,032 Receivables (211,182) 21,604 Intercompany 253,622 364,613 Payables 109,720 (271,265) STATEMENTS OF CASH FLOWS 55 Who We Are How We Operate How We Are Governed Additional Information Sustainability Matters Statement & Discussion By Our Leaders