STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Group Note 2020...
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STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Group Note 2020 RM'000 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) Revenue 4 3,251,152 4,032,665 Other items of income Other income 5 293,521 301,562 25 1,059 Items of expense Purchase of goods and changes in inventories (1,617,632) (1,844,388) Employee benefits expense 6 (525,610) (625,127) (643) (872) Depreciation and amortisation (670,850) (234,748) (1) (1) Promotional and advertising expenses (54,207) (77,713) Rental expenses (53,077) (885,611) Other expenses 8(d) (529,035) (577,712) (583,885) (87,087) Operating profit/(loss) 94,262 88,928 (584,504) (86,901) Finance income 49,303 74,042 1,165 2,901 Finance costs (485,529) (150,134) (163) (3,239) Share of results of associates 933 7,560 Share of results of joint ventures Gain on disposal of a property Reversal of impairment loss on 4,502 8,599 26,143 amount due from a subsidiary 19 19 513 Impairment loss on: -Property, plant and equipment 11 (72,031) (41,480) -An investment property 12 (18,500) - Land use rights 13(a) (4,328) -Right-of-use assets 13(b) (145,352) - Intangible assets 14 (775) - Amounts due from joint ventures (750) (5,300) (750) -Amounts due from subsidiaries 19 (24,574) Provision of land tax (6,350) Loss before tax Income tax expense Loss for the financial year 89 (552,122) (75,126) (24,135) (128,133) (583,739) (40) (111,813) (60) (627,248) (152,268) (583,779) (111,873) 70 70 STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 (continued) PARKSON HOLDINGS BERHAD 198201009470 (89194-P) Group Note 2020 RM'000 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) Loss for the financial year attributable to: Owners of the parent (436,354) (129,184) (583,779) (111,873) Non-controlling interests 15(b) (190,894) (23,084) (627,248) (152,268) (583,779) (111,873) Loss per share attributable to owners of the parent (sen) Basic 10(a) Diluted 10(b) (40.89) (40.89) (12.11) (12.11) CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 Assets Note 2020 RM'000 2019 RM'000 Non-current assets Property, plant and equipment Investment properties 11 2,147,635 2,544,239 12 375,490 200,485 Right-of-use assets 13(b) 2,982,042 Land use rights 13(a) 226,815 255,750 Intangible assets 14 1,263,604 1,259,852 Investments in associates 16 26,599 25,587 Investments in joint ventures 17 17,929 22,445 Deferred tax assets 18 157,606 117,531 Trade receivables Other receivables Investment securities Time deposits 20 71,963 67,968 21 454,075 250,434 22 16,697 23,414 23 377,652 863,620 8,118,107 5,631,325 Current assets Inventories Trade and other receivables Investment securities 222 24 360,533 366,589 20 410,919 582,077 142,977 314,278 Tax recoverable 5,615 3,868 Deposits, cash and bank balances 23 1,376,751 1,637,779 2,296,795 2,904,591 Non-current assets classified as held for sale 11(i)(b) 40,644 2,337,439 2,904,591 Total assets 10,455,546 8,535,916 Equity and liabilities Equity attributable to owners of the parent Share capital Treasury shares Other reserves 222 25 4,151,005 4,151,005 25 26 Accumulated losses (20,903) (1,610,686) (932,472) (20,903) (1,573,800) (509,414) 1,586,944 2,046,888 Non-controlling interests 15(b) 1,036,942 1,264,360 Total equity 2,623,886 3,311,248 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 (continued) Equity and liabilities (continued) Non-current liabilities Deferred tax liabilities Loans and borrowings Long term payables Provisions Lease liabilities Current liabilities Trade and other payables Contract liabilities Loans and borrowings Provisions Lease liabilities Tax payables Total liabilities Total equity and liabilities Note 2020 RM'000 2019 RM'000 150,182 1,491,164 141,373 2,307,400 29 61,981 541,636 13(c) 23,246 3,434,947 30,578 5,161,520 3,020,987 31 1,177,285 1,518,371 32 406,767 448,261 27 540,202 189,268 30 4,555 12,930 13(c) 514,001 27,330 34,851 2,670,140 2,203,681 7,831,660 5,224,668 10,455,546 8,535,916 COMPANY STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 Assets Non-current assets Note 30.6.2020 RM'000 30.6.2019 RM'000 (Restated) 1.7.2018 RM'000 (Restated) Property, plant and equipment Intangible assets 11 7 8 14 28 28 28 Interests in subsidiaries 15 2,650,249 3,233,464 3,342,881 Amounts due from subsidiaries 19 8,914 14,095 14 2,659,198 3,247,595 3,342,923 Current assets Trade and other receivables Amounts due from subsidiaries 35 20 160 19 12,082 155 7,883 150 148,471 Tax recoverable 264 Deposits, cash and bank balances 23 2,427 11,571 2,691 14,669 19,609 151,576 Total assets 2,673,867 3,267,204 3,494,499 Equity and liabilities Equity attributable to owners of the parent Share capital Treasury shares Other reserves 222 25 4,151,005 4,151,005 4,151,005 25 (20,903) (20,903) (20,903) 26 2,905,831 2,905,831 2,905,831 Accumulated losses (4,367,006) (3,783,227) (3,671,354) Total equity 2,668,927 3,252,706 3,364,579 Current liabilities Trade and other payables Amounts due to subsidiaries Loans and borrowings Other financial liability Total liabilities Total equity and liabilities 233 31 1,954 1,648 2,337 2,986 3,069 3,499 27 9,781 123,048 1,036 4,940 14,498 129,920 2,673,867 3,267,204 3,494,499 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 -Attributable to owners of the parent- -Non-distributable- Share Treasury Other Accumulated capital shares reserves RM'000 RM'000 RM'000 losses RM'000 Total Non- controlling interests Total equity RM'000 RM'000 RM'000 (Note 25) (Note 25) (Note 26) At 30 June 2019 4,151,005 (20,903) (1,573,800) (509,414) Effect of MFRS 16 adoption 14,256 2,046,888 14,256 1,264,360 3,311,248 8,771 23,027 At 1 July 2019 4,151,005 (20,903) (1,573,800) (495,158) 2,061,144 1,273,131 3,334,275 Total comprehensive loss for the financial year - (37,846) (436,354) (474,200) (224,868) (699,068) Transactions with owners Transfer to capital reserves Disposal of equity interest in a subsidiary Dividends to non-controlling 960 (960) - (1,098) (1,098) interests (10,223) (10,223) Total transactions with owners 960 (960) (11,321) (11,321) At 30 June 2020 4,151,005 (20,903) (1,610,686) (932,472) 1,586,944 1,036,942 2,623,886 At 1 July 2018 4,151,005 (20,903) (1,517,787) Effect of MFRS 9 adoption 4,002 (378,538) (2,726) 2,233,777 1,276 1,373,780 991 3,607,557 2,267 At 1 July 2018 (restated) 4,151,005 (20,903) (1,513,785) (381,264) 2,235,053 1,374,771 3,609,824 Total comprehensive loss for the financial year - (60,783) (128,954) (189,737) (78,241) (267,978) Transactions with owners Transfer to capital reserves Acquisition of non-controlling interests in a subsidiary Dilution of equity interest in a subsidiary Dividends to non-controlling interests Total transactions with owners At 30 June 2019 768 (768) - (5,877) (5,877) 5,877 7,449 7,449 (7,449) - - (30,598) (30,598) 768 804 1,572 (32,170) (30,598) 4,151,005 (20,903) (1,573,800) (509,414) 2,046,888 1,264,360 3,311,248 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Share Non-distributable- Treasury capital RM'000 shares RM'000 Other Accumulated reserves (Note 25) (Note 25) RM'000 (Note 26) losses RM'000 Total equity RM'000 At 1 July 2019 (as previously stated) 4,151,005 (20,903) 2,905,831 (6,298,207) 737,726 Prior year adjustment (Note 43) 2,514,980 2,514,980 At 1 July 2019 (restated) 4,151,005 (20,903) 2,905,831 (3,783,227) 3,252,706 Total comprehensive loss for the financial year (583,779) (583,779) At 30 June 2020 4,151,005 (20,903) 2,905,831 (4,367,006) 2,668,927 At 1 July 2018 (as previously stated) 4,151,005 (20,903) 2,905,831 (6,221,657) 814,276 Prior year adjustment (Note 43) 2,550,303 2,550,303 At 1 July 2018 (restated) 4,151,005 (20,903) 2,905,831 (3,671,354) 3,364,579 Total comprehensive loss for the financial year (111,873) (111,873) At 30 June 2019 4,151,005 (20,903) 2,905,831 (3,783,227) 3,252,706 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Group 2020 RM'000 2019 RM'000 Company 2020 2019 RM'000 RM'000 (Restated) Cash flows from operating activities Loss before tax (552,122) (24,135) (583,739) (111,813) Adjustments for: Depreciation and amortisation 670,850 234,748 1 1 Amortisation of: -Deferred lease expense 3,212 -Deferred lease income (143) (505) Write off of: Property, plant and equipment 8,246 19,716 - Bad debts 259 Impairment loss on interest in a subsidiary 581,595 82,635 Impairment loss on: -Property, plant and equipment 72,031 41,480 -An investment property 18,500 - Land use rights 4,328 - Right-of-use assets 145,352 - Intangible assets 775 -Amounts due from subsidiaries 24,574 - Receivables 25,649 15,895 750 Write down of inventories 4,547 2,966 Reversal of impairment loss on: Property, plant and equipment (7,635) (9,393) - Receivables (82) (2,143) -Amount due from a subsidiary (513) Unrealised foreign currency exchange loss 7,501 4,318 .... (Gain/loss on disposal of property, plant and equipment (23,318) 5,157 Net fair value gain on derivatives (1,036) (23) (1,036) Rent concessions related to COVID-19 (57,688) Defined benefit plan 580 578 Loss on disposal of a subsidiary 548 Share of results of associates (933) (7,560) Share of results of joint ventures (4,502) (8,599) Finance costs 485,529 150,134 163 Finance income (49,303) (74,042) (1,165) 3,239 (2,901) Dividend income from investment securities (1,708) (826) Operating profit/(loss) before working capital changes 747,261 349,965 (2,908) (5,324) Changes in working capital: Inventories 2,490 12,055 Receivables (184,974) 27,939 3,408 129,271 Payables (285,934) (154,038) 221 (2,158) Cash flows generated from operations 278,843 235,921 721 121,789 Taxes (paid/refunded (84,466) (70,340) (40) 204 Interest paid (118,250) (142,015) (163) (2,200) Interest received 53,987 62,908 119 2,340 Net cash flows generated from operating activities 130,114 86,474 637 122,133 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 (continued) Cash flows from investing activities PARKSON HOLDINGS BERHAD 198201009470 (89194-P) Group 2020 RM'000 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) Purchase of property, plant and equipment (Note 11(v)) (123,024) Additions to intangible assets (120) (121,349) (110) (9) Proceeds from disposal of property, plant and equipment 70,873 1,837 23 Proceeds from redemption of an investment security 3,000 Proceeds from subleases 40,255 Net cash outflow on disposal of equity interest in a subsidiary (Note 15(a)(i)) Dividends received from: - An associate - A joint venture -Investment securities (396) 59 9,191 170 10,805 2,880 106 Changes in: -Investment securities 172,867 56,540 -Deposits with banks 685,183 234,876 Net cash flows generated from investing activities 860,768 182,875 14 Cash flows from financing activities Dividends paid to non-controlling interests (10,223) (30,598) Proceeds from loans and borrowings 2,248,907 473,364 Repayment of loans and borrowings (2,726,385) (519,304) (90,600) Hire purchase principal payments (1,402) Payment of lease liabilities (575,257) Net cash flows used in financing activities (1,062,958) (77,940) (90,600) Net (decrease)/increase in cash and cash equivalents (72,076) 191,409 637 31,547 Effects of changes in exchange rates 4,970 (4,755) Cash and cash equivalents at beginning of year 1,040,420 853,766 1,790 (29,757) Cash and cash equivalents at end of year (Note 23) 973,314 1,040,420 2,427 1,790 Question. Find the cash flow yield STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Group Note 2020 RM'000 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) Revenue 4 3,251,152 4,032,665 Other items of income Other income 5 293,521 301,562 25 1,059 Items of expense Purchase of goods and changes in inventories (1,617,632) (1,844,388) Employee benefits expense 6 (525,610) (625,127) (643) (872) Depreciation and amortisation (670,850) (234,748) (1) (1) Promotional and advertising expenses (54,207) (77,713) Rental expenses (53,077) (885,611) Other expenses 8(d) (529,035) (577,712) (583,885) (87,087) Operating profit/(loss) 94,262 88,928 (584,504) (86,901) Finance income 49,303 74,042 1,165 2,901 Finance costs (485,529) (150,134) (163) (3,239) Share of results of associates 933 7,560 Share of results of joint ventures Gain on disposal of a property Reversal of impairment loss on 4,502 8,599 26,143 amount due from a subsidiary 19 19 513 Impairment loss on: -Property, plant and equipment 11 (72,031) (41,480) -An investment property 12 (18,500) - Land use rights 13(a) (4,328) -Right-of-use assets 13(b) (145,352) - Intangible assets 14 (775) - Amounts due from joint ventures (750) (5,300) (750) -Amounts due from subsidiaries 19 (24,574) Provision of land tax (6,350) Loss before tax Income tax expense Loss for the financial year 89 (552,122) (75,126) (24,135) (128,133) (583,739) (40) (111,813) (60) (627,248) (152,268) (583,779) (111,873) 70 70 STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 (continued) PARKSON HOLDINGS BERHAD 198201009470 (89194-P) Group Note 2020 RM'000 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) Loss for the financial year attributable to: Owners of the parent (436,354) (129,184) (583,779) (111,873) Non-controlling interests 15(b) (190,894) (23,084) (627,248) (152,268) (583,779) (111,873) Loss per share attributable to owners of the parent (sen) Basic 10(a) Diluted 10(b) (40.89) (40.89) (12.11) (12.11) CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 Assets Note 2020 RM'000 2019 RM'000 Non-current assets Property, plant and equipment Investment properties 11 2,147,635 2,544,239 12 375,490 200,485 Right-of-use assets 13(b) 2,982,042 Land use rights 13(a) 226,815 255,750 Intangible assets 14 1,263,604 1,259,852 Investments in associates 16 26,599 25,587 Investments in joint ventures 17 17,929 22,445 Deferred tax assets 18 157,606 117,531 Trade receivables Other receivables Investment securities Time deposits 20 71,963 67,968 21 454,075 250,434 22 16,697 23,414 23 377,652 863,620 8,118,107 5,631,325 Current assets Inventories Trade and other receivables Investment securities 222 24 360,533 366,589 20 410,919 582,077 142,977 314,278 Tax recoverable 5,615 3,868 Deposits, cash and bank balances 23 1,376,751 1,637,779 2,296,795 2,904,591 Non-current assets classified as held for sale 11(i)(b) 40,644 2,337,439 2,904,591 Total assets 10,455,546 8,535,916 Equity and liabilities Equity attributable to owners of the parent Share capital Treasury shares Other reserves 222 25 4,151,005 4,151,005 25 26 Accumulated losses (20,903) (1,610,686) (932,472) (20,903) (1,573,800) (509,414) 1,586,944 2,046,888 Non-controlling interests 15(b) 1,036,942 1,264,360 Total equity 2,623,886 3,311,248 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 (continued) Equity and liabilities (continued) Non-current liabilities Deferred tax liabilities Loans and borrowings Long term payables Provisions Lease liabilities Current liabilities Trade and other payables Contract liabilities Loans and borrowings Provisions Lease liabilities Tax payables Total liabilities Total equity and liabilities Note 2020 RM'000 2019 RM'000 150,182 1,491,164 141,373 2,307,400 29 61,981 541,636 13(c) 23,246 3,434,947 30,578 5,161,520 3,020,987 31 1,177,285 1,518,371 32 406,767 448,261 27 540,202 189,268 30 4,555 12,930 13(c) 514,001 27,330 34,851 2,670,140 2,203,681 7,831,660 5,224,668 10,455,546 8,535,916 COMPANY STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 Assets Non-current assets Note 30.6.2020 RM'000 30.6.2019 RM'000 (Restated) 1.7.2018 RM'000 (Restated) Property, plant and equipment Intangible assets 11 7 8 14 28 28 28 Interests in subsidiaries 15 2,650,249 3,233,464 3,342,881 Amounts due from subsidiaries 19 8,914 14,095 14 2,659,198 3,247,595 3,342,923 Current assets Trade and other receivables Amounts due from subsidiaries 35 20 160 19 12,082 155 7,883 150 148,471 Tax recoverable 264 Deposits, cash and bank balances 23 2,427 11,571 2,691 14,669 19,609 151,576 Total assets 2,673,867 3,267,204 3,494,499 Equity and liabilities Equity attributable to owners of the parent Share capital Treasury shares Other reserves 222 25 4,151,005 4,151,005 4,151,005 25 (20,903) (20,903) (20,903) 26 2,905,831 2,905,831 2,905,831 Accumulated losses (4,367,006) (3,783,227) (3,671,354) Total equity 2,668,927 3,252,706 3,364,579 Current liabilities Trade and other payables Amounts due to subsidiaries Loans and borrowings Other financial liability Total liabilities Total equity and liabilities 233 31 1,954 1,648 2,337 2,986 3,069 3,499 27 9,781 123,048 1,036 4,940 14,498 129,920 2,673,867 3,267,204 3,494,499 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 -Attributable to owners of the parent- -Non-distributable- Share Treasury Other Accumulated capital shares reserves RM'000 RM'000 RM'000 losses RM'000 Total Non- controlling interests Total equity RM'000 RM'000 RM'000 (Note 25) (Note 25) (Note 26) At 30 June 2019 4,151,005 (20,903) (1,573,800) (509,414) Effect of MFRS 16 adoption 14,256 2,046,888 14,256 1,264,360 3,311,248 8,771 23,027 At 1 July 2019 4,151,005 (20,903) (1,573,800) (495,158) 2,061,144 1,273,131 3,334,275 Total comprehensive loss for the financial year - (37,846) (436,354) (474,200) (224,868) (699,068) Transactions with owners Transfer to capital reserves Disposal of equity interest in a subsidiary Dividends to non-controlling 960 (960) - (1,098) (1,098) interests (10,223) (10,223) Total transactions with owners 960 (960) (11,321) (11,321) At 30 June 2020 4,151,005 (20,903) (1,610,686) (932,472) 1,586,944 1,036,942 2,623,886 At 1 July 2018 4,151,005 (20,903) (1,517,787) Effect of MFRS 9 adoption 4,002 (378,538) (2,726) 2,233,777 1,276 1,373,780 991 3,607,557 2,267 At 1 July 2018 (restated) 4,151,005 (20,903) (1,513,785) (381,264) 2,235,053 1,374,771 3,609,824 Total comprehensive loss for the financial year - (60,783) (128,954) (189,737) (78,241) (267,978) Transactions with owners Transfer to capital reserves Acquisition of non-controlling interests in a subsidiary Dilution of equity interest in a subsidiary Dividends to non-controlling interests Total transactions with owners At 30 June 2019 768 (768) - (5,877) (5,877) 5,877 7,449 7,449 (7,449) - - (30,598) (30,598) 768 804 1,572 (32,170) (30,598) 4,151,005 (20,903) (1,573,800) (509,414) 2,046,888 1,264,360 3,311,248 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Share Non-distributable- Treasury capital RM'000 shares RM'000 Other Accumulated reserves (Note 25) (Note 25) RM'000 (Note 26) losses RM'000 Total equity RM'000 At 1 July 2019 (as previously stated) 4,151,005 (20,903) 2,905,831 (6,298,207) 737,726 Prior year adjustment (Note 43) 2,514,980 2,514,980 At 1 July 2019 (restated) 4,151,005 (20,903) 2,905,831 (3,783,227) 3,252,706 Total comprehensive loss for the financial year (583,779) (583,779) At 30 June 2020 4,151,005 (20,903) 2,905,831 (4,367,006) 2,668,927 At 1 July 2018 (as previously stated) 4,151,005 (20,903) 2,905,831 (6,221,657) 814,276 Prior year adjustment (Note 43) 2,550,303 2,550,303 At 1 July 2018 (restated) 4,151,005 (20,903) 2,905,831 (3,671,354) 3,364,579 Total comprehensive loss for the financial year (111,873) (111,873) At 30 June 2019 4,151,005 (20,903) 2,905,831 (3,783,227) 3,252,706 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Group 2020 RM'000 2019 RM'000 Company 2020 2019 RM'000 RM'000 (Restated) Cash flows from operating activities Loss before tax (552,122) (24,135) (583,739) (111,813) Adjustments for: Depreciation and amortisation 670,850 234,748 1 1 Amortisation of: -Deferred lease expense 3,212 -Deferred lease income (143) (505) Write off of: Property, plant and equipment 8,246 19,716 - Bad debts 259 Impairment loss on interest in a subsidiary 581,595 82,635 Impairment loss on: -Property, plant and equipment 72,031 41,480 -An investment property 18,500 - Land use rights 4,328 - Right-of-use assets 145,352 - Intangible assets 775 -Amounts due from subsidiaries 24,574 - Receivables 25,649 15,895 750 Write down of inventories 4,547 2,966 Reversal of impairment loss on: Property, plant and equipment (7,635) (9,393) - Receivables (82) (2,143) -Amount due from a subsidiary (513) Unrealised foreign currency exchange loss 7,501 4,318 .... (Gain/loss on disposal of property, plant and equipment (23,318) 5,157 Net fair value gain on derivatives (1,036) (23) (1,036) Rent concessions related to COVID-19 (57,688) Defined benefit plan 580 578 Loss on disposal of a subsidiary 548 Share of results of associates (933) (7,560) Share of results of joint ventures (4,502) (8,599) Finance costs 485,529 150,134 163 Finance income (49,303) (74,042) (1,165) 3,239 (2,901) Dividend income from investment securities (1,708) (826) Operating profit/(loss) before working capital changes 747,261 349,965 (2,908) (5,324) Changes in working capital: Inventories 2,490 12,055 Receivables (184,974) 27,939 3,408 129,271 Payables (285,934) (154,038) 221 (2,158) Cash flows generated from operations 278,843 235,921 721 121,789 Taxes (paid/refunded (84,466) (70,340) (40) 204 Interest paid (118,250) (142,015) (163) (2,200) Interest received 53,987 62,908 119 2,340 Net cash flows generated from operating activities 130,114 86,474 637 122,133 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 (continued) Cash flows from investing activities PARKSON HOLDINGS BERHAD 198201009470 (89194-P) Group 2020 RM'000 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) Purchase of property, plant and equipment (Note 11(v)) (123,024) Additions to intangible assets (120) (121,349) (110) (9) Proceeds from disposal of property, plant and equipment 70,873 1,837 23 Proceeds from redemption of an investment security 3,000 Proceeds from subleases 40,255 Net cash outflow on disposal of equity interest in a subsidiary (Note 15(a)(i)) Dividends received from: - An associate - A joint venture -Investment securities (396) 59 9,191 170 10,805 2,880 106 Changes in: -Investment securities 172,867 56,540 -Deposits with banks 685,183 234,876 Net cash flows generated from investing activities 860,768 182,875 14 Cash flows from financing activities Dividends paid to non-controlling interests (10,223) (30,598) Proceeds from loans and borrowings 2,248,907 473,364 Repayment of loans and borrowings (2,726,385) (519,304) (90,600) Hire purchase principal payments (1,402) Payment of lease liabilities (575,257) Net cash flows used in financing activities (1,062,958) (77,940) (90,600) Net (decrease)/increase in cash and cash equivalents (72,076) 191,409 637 31,547 Effects of changes in exchange rates 4,970 (4,755) Cash and cash equivalents at beginning of year 1,040,420 853,766 1,790 (29,757) Cash and cash equivalents at end of year (Note 23) 973,314 1,040,420 2,427 1,790 Question. Find the cash flow yield
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A. Compute a 1-day Value at Risk for a bond investment portfolio of K10 million in a long position assuming a 95% confidence interval if the actual daily standard deviation of the portfolio over one...
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Terry Barnes, a 35-year-old mother of three young children, visits the healthcare clinic. She reports experiencing increasing bilateral joint pain, especially in her hands, wrists, and knees. She...
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VEC Inc. currently has 1450000 zero coupon bonds outstanding, each with a face value of $1,000. The bonds have a maturity of 4 years and they are traded in the market at 87% of par. If the tax rate...
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Identifytwosupertrendsor megatrends that you would recommend investing in for the next 20 to 40 years. There are no restrictions on the trends or asset classes that you select any from the ones we...
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A su oficina llega doa Carmen Lpez, quien le solicita su ayuda para determinar su impuesto de utilidades de ella y su empresa y le da la siguiente informacin: 1- Ella es abogada y tiene tres hijos y...
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Access the Federation of Tax Administrators Internet site at www. taxadmin.org/state-tax-forms and indicate the titles of the following state tax forms and publications: a. Minnesota Form M-100 b....
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Prepare a sales budget for a not-for-profit organization (Learning Objective 2) Great Start Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration fee of...
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discuss social, demographic, and technological changes that create greater needs for better management;
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Continuation of E10-18: prepare an operating expenses budget (Learning} Objectives 1, 2) Refer to Great Start Preschool's data in E10-18. Great Start's primary expense is payroll. The state allows a...
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