Green Technology Annual Report

The Group The Company 2019 RM 2018 RM 2019 RM 2018 RM CASH FLOWS FROM/(FOR) OPERATING ACTIVITIES Profit before taxation 1,618,782 2,845,257 1,660,675 2,971,506 Adjustments for:– Depreciation of property and equipment 679,312 810,584 679,312 810,584 Depreciation of right–of–use assets 52,416 – 52,416 – Amortisation of building fund (701,255) (701,253) (701,255) (701,253) Gain on disposal of equipment (2,967) (6,810) (2,967) (6,810) Interest income (1,985,175) (2,260,057) (1,985,175) (2,260,057) Interest expenses 2,209 – 2,209 – Share of results of a joint venture – 1,006 – – Operating (loss)/gain before working capital changes (336,678) 688,727 (294,785) 813,970 Increase in deferred expenditure (3,418,070) (681,230) (3,418,070) (681,230) Increase in deferred income 130,786 77,223 130,786 77,223 Decrease/(Increase) in trade and other receivables 3,082,060 (4,160,875) 2,968,271 (4,160,875) Increase/(Decrease) in trade and other payables 3,958,865 (3,674,120) 3,992,801 (3,670,120) Decrease/(Increase) in amount owing by subsidiaries – – 41,281 (129,186) Decrease in amount owing to a related party (14,840) – (14,840) – The Group The Company 2019 RM 2018 RM 2019 RM 2018 RM CASH FROM/(FOR) OPERATIONS 3,402,123 (7,750,275) 3,405,444 (7,750,218) Income tax paid (542,414) (372,693) (542,414) (372,693) NET CASH FROM/(FOR) OPERATING ACTIVITIES 2,859,709 (8,122,968) 2,863,030 (8,122,911) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 The annexed notes form an integral part of these financial statements 104 MALAYSIAN GREEN TECHNOLOGY & CLIMATE CHANGE CENTRE ANNUAL REPORT 2019