KENANGA ANNUAL REPORT 2018

114 KENANGA INVESTMENT BANK BERHAD STATEMENTS OF CASH FLOWS For the financial year ended 31 December 2018 Group Bank 2018 2017 2018 2017 Note RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Profit before taxation and zakat 28,851 40,619 38,563 61,608 Adjustments for: Depreciation of property, plant and equipment 33 13,843 13,154 13,342 12,679 Amortisation of intangible assets - software licence 33 213 666 - - ESS expenses 33 2,319 - 2,319 - Credit loss expense on financial assets 34 29,823 1,600 29,848 17 Allowance for impairment on investments in subsidiary 14 - - 2,136 500 Property, plant and equipment written off 33 6 364 6 329 Bad debts written off - other debtors 35 55 - 55 - Write off of other assets 32 - 32 - Gross dividend income from investments 32(b) (1,302) (1,897) (1,098) (7,121) (Gain)/loss on disposal of property, plant and equipment 32(c) (93) 21 (93) 21 Operating profit before working capital changes carried forward 73,747 54,527 85,110 68,033