KENANGA ANNUAL REPORT 2020

131 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD STATEMENTS OF CASH FLOWS For the financial year ended 31 December 2020 Group Bank 2020 2019 2020 2019 Note RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Profit before taxation and zakat 134,715 42,951 106,938 40,376 Adjustments for: Depreciation of property, plant and equipment 33 11,781 10,724 10,958 10,046 Amortisation of intangible assets - software licence 33 5,101 4,305 4,259 4,030 Amortisation of right-of-use assets 33 8,449 9,769 7,337 8,864 Lease interest expenses 31 1,331 1,236 1,218 1,177 ESS expenses 33 2,343 1,733 2,343 1,733 Credit loss expense/(reversal) 34 5,852 (15,216) 5,049 (12,926) Allowance for impairment on investments in subsidiary 13 - - - 293 Property, plant and equipment written off 33 1 37 1 37 Intangible assets written off 33 3 - 3 - Bad debts written off 35 53 266 53 266 Gross dividend income from investments 32(b) (4,040) (1,384) (3,934) (1,243) Gain on disposal of property, plant and equipment 32(c) (24) (23) (24) (23) Net gain from sale of financial assets at fair value through profit or loss and derivatives (219,109) (56,878) (218,749) (56,878) Net gain from sale of financial instruments at FVOCI (11,217) (12,072) (11,217) (12,072) Unrealised loss on revaluation of financial assets at fair value through profit or loss and derivatives 32(b) 76,392 17,326 77,874 19,758 Share of results of associates and a joint venture (12,786) 6,905 - - Operating (loss)/gain before working capital changes (1,155) 9,679 (17,891) 3,438