67 / 142
ASIA MEDIA GROUP Berhad
Annual Report 2016
66
STATEMENTS OF CASH FLOWS
For the Financial Year ended 31 December 2016
Group
Company
2016
2015
2016
2015
Note
RM
RM
RM
RM
Cash flows from operating
activities
Loss before tax
(10,091,624) (105,637,420) (10,256,896) (102,143,781)
Adjustments for:
Allowance for doubtful debts
11
–
556,050
–
–
Amortisation of development
costs
8
1,694
2,395
–
–
Amortisation of other
intangible assets
7
74,059
236,775
–
–
Bad debts written off
59,974
20,114
–
–
Depreciation of property,
plant and equipment
5 5,007,558 23,009,207
–
–
Impairment loss on goodwill
10
-
2,612,310
–
–
Impairment loss on other
intangible assets
7
33,031
887,639
–
–
Impairment loss on property,
plant and equipment
5 2,806,651 75,125,572
–
–
Impairment loss on amount
owing from a subsidiary
11
–
– 9,704,583 101,250,000
Gain on disposal of property,
plant and equipment
(1,000)
(5,000)
–
–
Gain on disposal of
subsidiaries
9
(998)
–
–
–
Interest expenses
57,318
60,762
–
–
Interest income
(359,466)
(528,561)
(160)
(163)
Operating loss before
working capital changes
(2,412,803) (3,660,157)
(552,473)
(893,944)
(Increase)/decrease in trade
and other receivables
(235,441) 11,657,729
525,057 5,870,284
(Decrease)/increase in trade
and other payables
(412,850)
1,999,997
27,416
23,659
Cash flows (used in)/
generated from operations
(3,061,094)
9,997,569
– 4,999,999
Interest paid
(57,318)
(60,762)
–
–
Interest received
359,466
528,561
160
163
Income tax paid
(250)
(2,619)
–
–
Net cash (used in)/from
operating activities
(2,759,196) 10,462,749
160 5,000,162