KENANGA ANNUAL REPORT 2019

127 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Group Bank Note 2019 RM'000 2018 RM'000 2019 RM'000 2018 RM'000 Cash flows from operating activities Profit before taxation and zakat 42,951 28,851 40,376 38,563 Adjustments for: Depreciation of property, plant and equipment 33 10,724 13,843 10,046 13,342 Amortisation of intangible assets - software licence 33 4,305 213 4,030 - Amortisation of right-of-use assets 9,769 - 8,864 - Lease interest expenses 31 1,236 - 1,177 - ESS expenses 33 1,733 2,319 1,733 2,319 Credit loss (reversal)/expense 34 (15,216) 29,823 (12,926) 29,848 Allowance for impairment on investments in subsidiary 13 - - 293 2,136 Property, plant and equipment written off 33 37 7 37 5 Bad debts written off 35 266 55 266 55 Other assets written off - 32 - 32 Gross dividend income from investments 32(b) (1,384) (1,302) (1,243) (1,098) Gain on disposal of property, plant and equipment 32(c) (23) (93) (23) (93) Net gain from sale of financial assets at fair value through profit or loss and derivatives (56,878) (35,300) (56,878) (35,300) Net gain from sale of financial instruments at FVOCI (12,072) (2,816) (12,072) (2,816) Unrealised loss/(gain) on revaluation of financial assets at fair value through profit or loss and derivatives 17,326 (14,950) 19,758 (15,640) Share of results of associates and a joint venture 6,905 6,548 - - Operating gain before working capital changes 9,679 27,230 3,438 31,353