Total comprehensive lossincome net of tax 23679010 90986504 67307494

Total comprehensive lossincome net of tax 23679010

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Total comprehensive (loss)/income, net of tax (23,679,010) 90,986,504 67,307,494 Transactions with owners Dividends paid 31 (11,947,946) (11,947,946) Transfer pursuant to Companies Act 2016* 17 1,792,138 (1,792,138) Balance as at 31 December 2017 121,831,751 (5,194,748) 37,073,460 325,882,818 479,593,281 STATEMENTS OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 (CONT’D)
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GUAN CHONG BERHAD / ANNUAL REPORT 2018 56 <-------Non-distributable------> Distributable Share Share Treasury Retained capital premium shares earnings Total Company Note RM RM RM RM RM Balance as at 1 January 2017 120,039,613 1,792,138 (5,194,748) 33,947,756 150,584,759 Loss for the financial year (11,435,480) (11,435,480) Other comprehensive income, net of tax Total comprehensive loss, net of tax (11,435,480) (11,435,480) Transactions with owners Dividends paid 31 (11,947,946) (11,947,946) Transfer pursuant to Companies Act 2016* 17 1,792,138 (1,792,138) Balance as at 31 December 2017/ Balance as at 1 January 2018 121,831,751 (5,194,748) 10,564,330 127,201,333 Profit for the financial year 846,508 846,508 Other comprehensive income, net of tax Total comprehensive profit, net of tax 846,508 846,508 Transactions with owners Dividends paid 31 (9,556,095) (9,556,095) Purchase of treasury shares 18 (152,301) (152,301) (152,301) (9,556,095) (9,708,396) Balance as at 31 December 2018 121,831,751 (5,347,049) 1,854,743 118,339,445 *Pursuant to the Companies Act 2016, the credit balance in the share premium account has been transferred to the share capital account. STATEMENTS OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 (CONT’D) The accompanying notes form an integral part of the financial statements.
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GUAN CHONG BERHAD / ANNUAL REPORT 2018 57 Group Company 2018 2017 2018 2017 Note RM RM RM RM CASH FLOWS FROM OPERATING ACTIVITIES Profit/(Loss) before tax 208,721,693 113,440,430 846,508 (11,435,480) Adjustments for: Amortisation of: - leasehold land 9 547,330 588,040 - warehouse 9 259,191 259,191 - intangible asset 10 856 1,230 Bad debts written off 8,083 58,169 7,267 Depreciation of: - property, plant and equipment 7 25,999,541 24,901,405 - investment properties 8 996,061 1,015,411 Impairment loss on: - trade receivables 14(h) 14,436,458 4,819,888 - other receivables 14(h) 3,712,173 Loss/(Gain) on disposals of property, plant and equipment 96,772 (424,900) Negative goodwill 11 - (256,827) Net fair value (gain)/loss on derivatives 15(d) (21,680,426) (9,426,665) Increase in defined benefit obligation 23(d) 175,515 285,013 Property, plant and equipment written off 34 2,166,051 Reversal of impairment loss on: - trade receivables 14(h) (82,860) (281,573) - other receivables 14(h) (12,143) Share of (profit)/loss of associates (1,054,438) 739,161 Unrealised (gain)/loss on foreign exchange translations (7,369,779) (13,084,873) (1,367,016) 8,835,333 Inventories written down 13(b) 7,931,810 2,929,817 Interest expense 27,261,527 23,151,839 Interest income (444,922) (583,842) Operating profit/(loss) before changes in working capital 255,790,303 154,009,138 (513,241) (2,600,147) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018
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GUAN CHONG BERHAD / ANNUAL REPORT 2018 58 Group Company 2018 2017 2018 2017 Note RM RM RM RM Operating profit/(loss) before changes in working capital carried forward 255,790,303 154,009,138 (513,241) (2,600,147) Inventories (7,044,023) (173,952,684) Trade and other receivables (78,485,312) (48,436,044) (5,656,955) 32,972,965 Trade and other payables 163,171,497 29,563,875 20,213,548 4,250,322 Net cash generated from/ (used in) operations 333,432,465 (38,815,715) 14,043,352 34,623,140 Interest paid (27,261,527) (23,151,839) Interest received 444,922 583,842 Tax paid (8,270,734) (8,047,836) (3,080) (3,367) Tax refunded 4,196,813 28,122 6,800 Contributions paid for defined
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