AwanBiru Technology Berhad - Annual Report 2021

Statements of Cash Flows For The Financial Year Ended 30 June 2021 The Group The Company 2021 2020 2021 2020 Note RM’000 RM’000 RM’000 RM’000 (Restated) CASH FLOWS FROM/(FOR) OPERATING ACTIVITIES (Loss)/Profit before taxation: - continuing operations (6,483) (7,954) (4,691) (8,621) - discontinued operations 43 16,332 (8,858) – – 9,849 (16,812) (4,691) (8,621) Adjustments for:- Amortisation of development costs 11 11 – – Bad debts written off 981 – 110 – Depreciation of property and equipment 2,367 2,600 – – Depreciation of right-of-use assets – 41 – – Impairment loss on: - property and equipment – 288 – – - non-current asset held for sale 3,041 – – – - contract costs 1,628 – – – - trade receivables 464 3,771 – – - other receivables – 20 – – - amount owing by subsidiaries – – – 842 Interest expense 2,908 4,640 – – ESOS expenses 919 – 919 – Unrealised loss on foreign exchange – 616 – – Fair value gain on investment properties (981) (191) – – Gain on disposal of subsidiaries 45 (22,031) – (2,500) – Loss/(Gain) on disposal of property and equipment 180 (20) – – Interest income (546) – (328) – Profit from deposits with licensed Islamic banks – (84) – – Reversal of impairment loss on trade receivables – (265) – – Unrealised gain on foreign exchange – (238) – – Operating loss before working capital changes carried forward (1,210) (5,623) (6,490) (7,779) Decrease in contract costs 2,331 14,902 – – (Increase)/Decrease in trade and other receivables 40,227 (20,338) (177) (7) (Decrease)/Increase in contract liabilities (5,715) (866) – – Increase in trade and other payables (25,264) 664 (1,090) 1,094 The annexed notes form an integral part of these financial statements. Awantec | Financial Review Annual Report 2021 144