CapitaLand Malaysia Mall Trust | Annual Report 2020

135 BECAUSE TOMORROW MATTERS Group Trust Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities (Loss)/Profit before taxation (96,771) 92,095 (96,771) 92,095 Adjustments for: Manager’s management fee paid/payable in units 4,915 7,583 4,915 7,583 Depreciation 3 1,251 1,100 1,251 1,100 Fair value losses on investment properties (net) 4 157,850 30,701 157,850 30,701 Finance costs 16 58,479 61,989 58,479 61,989 Impairment losses for trade receivables (net) 6 5,923 1,221 5,923 1,221 Interest income (1,512) (2,932) (1,512) (2,932) Plant and equipment written off – 2 – 2 Operating profit before changes in working capital 130,135 191,759 130,135 191,759 Changes in working capital: Trade and other receivables (13,913) (1,126) (14,244) (1,065) Trade and other payables 2,972 610 3,228 379 Tenants’ deposits (6,104) 125 (5,871) 125 Amount due to subsidiary – – (12,436) (12,961) Net cash generated from operating activities 113,090 191,368 100,812 178,237 Cash flows from investing activities Acquisition of plant and equipment 3 (1,541) (2,874) (1,541) (2,874) Capital expenditure on investment properties (22,454) (56,542) (22,454) (56,542) Interest received 1,512 2,932 1,512 2,932 Net cash used in investing activities (22,483) (56,484) (22,483) (56,484) Cash flows from financing activities Distribution paid to unitholders 1 (79,062) (145,136) (79,062) (145,136) Interest paid (58,773) (60,602) (46,496) (47,732) Payment of financing expenses (25) (736) 2 (25) (176) Payment of transaction costs related to Distribution Reinvestment Plan (295) – (295) – Proceeds from interest-bearing borrowings 102,040 439,432 102,040 439,432 Repayment of interest-bearing borrowings (67,200) (384,638) (67,200) (384,638) Withdrawal of pledged deposits from a licensed bank – 253 – – Net cash used in financing activities (103,315) (151,427) (91,038) (138,250) Net decrease in cash and cash equivalents (12,708) (16,543) (12,709) (16,497) Cash and cash equivalents at 1 January 78,354 94,897 78,346 94,843 Cash and cash equivalents at 31 December 65,646 78,354 65,637 78,346 Cash and cash equivalents at end of the financial year comprise: Deposits placed with licensed banks 58,827 55,030 52,595 48,800 Cash and bank balances 13,049 29,554 13,042 29,546 8 71,876 84,584 65,637 78,346 Less: Pledged deposits 8 (6,230) (6,230) – – 65,646 78,354 65,637 78,346 1 Non-cash transaction During the financial year, a portion of the income declared for distribution has been converted into additional units under the Distribution Reinvestment Plan. 2 Included transaction costs of RM560,000 relating to interest-bearing borrowings. STATEMENTS OF CASH FLOWS For the Financial Year Ended 31 December 2020 The accompanying notes form an integral part of these financial statements.