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STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Note Group 2019 RM'000 2020 RM'000 2020 Company 2019 RM'000 (Restated) RM'000 Revenue 4 3,251,152 4,032,665 Other items of income Other income 5 293,521 301,562 25 1,059 (1,617,632) (525,610) (670,850) (1,844,388) (625,127) (234,748) (643) (1) (872) (1) Items of expense Purchase of goods and changes in inventories Employee benefits expense Depreciation and amortisation Promotional and advertising expenses Rental expenses Other expenses Operating profit/(loss) Finance income (54,207) (53,077) (529,035) (77,713) (885,611) (577,712) 8(d) (583,885) (87,087) 7 7. 94,262 49,303 (485 529) 88,928 74,042 (150 1341 (584,504) 1,165 (163) (86,901) 2,901 (3.239) Cinacoste 77 88,928 74,042 (150,134) 7,560 8,599 (584,504) 1,165 (163) 94,262 49,303 (485,529) 933 4,502 26,143 (86,901) 2,901 (3,239) 19 513 (41,480) Operating profit/(loss) Finance income Finance costs Share of results of associates Share of results of joint ventures Gain on disposal of a property Reversal of impairment loss on amount due from a subsidiary Impairment loss on: - Property, plant and equipment - An investment property - Land use rights - Right-of-use assets - Intangible assets - Amounts due from joint ventures - Amounts due from subsidiaries Provision of land tax Loss before tax Income tax expense Loss for the financial year 11 12 13(a) 13(b) 14 (72,031) (18,500) (4,328) (145,352) (775) (750) (5,300) (750) 19 (24,574) (6,350) 8 9 (552,122) (75,126) (24,135) (128,133) (583,739) (40) (111,813) (60) (627,248) (152,268) (583,779) (111,873) 70 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 (continued) Note 2020 RM'000 Group 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) Loss for the financial year attributable to: Owners of the parent Non-controlling interests (583,779) (111,873) (436,354) (190,894) (129,184) (23,084) 15(b) (627,248) (152,268) (583,779) (111,873) Loss per share attributable to owners of the parent (sen) Basic 10(a) 10xb) (40.89) (40.89) (12.11) (12.11) Diluted PARKSON HOLDINGS BERHAD 196201009470 (89194) CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 Note 2020 RM'000 2019 RM'000 Assets 2,544,239 200,485 Non-current assets Property, plant and equipment Investment properties Right-of-use assets Land use rights Intangible assets Investments in associates Investments in joint ventures Deferred tax assets Trade receivables Other receivables Investment securities Time deposits 11 12 13 b) 13(a) 14 16 17 18 20 21 22 23 2,147,635 375,490 2,982,042 226,815 1,263,604 26,599 17,929 157,606 71,963 454,075 16,697 377,652 255,750 1,259,852 25,587 22,445 117,531 67,968 250,434 23,414 863,620 8,118,107 5,631,325 Current assets Inventories Trade and other receivables Investment securities Tax recoverable 24 20 22 360,533 410,919 142,977 5,615 366,589 582,077 314,278 3.868 Investment securities Time deposits 22 23 16,697 377,652 23,414 863,620 8,118,107 5,631,325 Current assets Inventories Trade and other receivables Investment securities Tax recoverable Deposits, cash and bank balances 24 20 22 360,533 410,919 142,977 5,615 1,376,751 366,589 582,077 314,278 3,868 1,637,779 23 2,296,795 40,644 2,904,591 Non-current assets classified as held for sale 11(1)(b) 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 Accumulated losses 25 25 26 4,151,005 (20,903) (1,610,686) (932,472) 4,151,005 (20,903) (1,573,800) (509,414) Non-controlling interests 15(b) 1,586,944 1,036,942 2,046,888 1,264,360 Total equily 2,623,886 3,311,248 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 (continued) Note 2020 RM'000 2019 RM'000 Equity and liabilities (continued) Non-current liabilities Deferred tax liabilities Loans and borrowings Long term payables Provisions Lease liabilities 18 27 29 30 13(c) 150,182 1,491,164 61,981 23,246 3,434,947 141,373 2,307,400 541,636 30,578 5,161,520 3,020,987 Current liabilities Trade and other payables Contract liabilities Loans and borrowings Provisions Lease liabilities Tax payables 31 32 27 30 13(c) 1,177,285 406,767 540,202 4,555 514,001 27,330 1,518,371 448,261 189,268 12,930 34,851 2,670,140 2,203,681 Total liabilities 7,831,660 5,224,668 Total equity and liabilities 10,455,546 8,535,916 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) COMPANY STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 Note 30.6.2020 RM'000 30.6.2019 RM'000 (Restated) 1.7.2018 RM'000 (Restated) Assets Non-current assets Property, plant and equipment Intangible assets Interests in subsidiaries Amounts due from subsidiaries 11 14 15 19 7 28 2,650,249 8,914 8 28 3,233,464 14,095 28 3,342,881 14 2,659,198 3,247,595 3,342,923 Current assets Trade and other receivables Amounts due from subsidiaries Tax recoverable Deposits, cash and bank balances 20 19 160 12,082 155 7,883 150 148,471 264 2,691 23 2,427 11,571 14,669 19,609 151,576 Total assets 2,673,867 3,267,204 3,494,499 Equity and liabilities 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 Accumulated losses 25 25 26 4,151,005 (20,903) 2,905,831 (4,367,006) 4,151,005 (20,903) 2,905,831 (3.783,227) 4,151,005 (20,903) 2,905,831 (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 31 33 27 1,954 2,986 1,648 3,069 9.781 2,337 3,499 123,048 1,036 Total liabilities 4,940 14,498 129,920 Total equity and liabilities 2,673,867 3,267,204 3,494,499 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) 7 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Attributable to owners of the parent Non-distributable Treasury Other Accumulated reserves lossos Share capital Non- controlling interests shares Total equity Total Scanned with CamScanner 75 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) 7 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 7 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 losses RM'000 RM'000 RM000 RM'000 (Note 25) (Note 25) (Note 26) Total RM'000 Non- controlling interests RM'000 Total equity RM'000 4,151,005 (20,903) At 30 June 2019 Effect of MERS 16 adoption (1,573,800) (509,414) 14,256 2,046,888 14,256 1,264,360 8,771 3,311,248 23,027 Al 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) 960 (960) Transactions with owners Transfer to capital reserves Disposal of equity interest in a subsidiary Dividends to non-controlling interests (1,098) (1,098) (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 4,151,005 (20,903) Al 1 July 2018 Effect of MFRS 9 adoption (1,517,787) 4,002 (378,538) (2,726) 2,233,777 1,276 1,373,780 991 3,607,557 2,267 Dividends to non-controlling 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 4,151,005 (20,903) (1,517,787) 4,002 (378,538) (2,726) 2,233,777 1,276 1,373,780 991 3,607,557 2,267 Al 1 July 2018 Effect of MFRS 9 adoption Al 1 July 2018 (restated) Total comprehensive loss for the financial year 4,151,005 (20,903) (1,513,785) (381.264) 2.235,053 1,374,771 3,609,824 (60,783) (128,954) (189,737) (78,241) (267,978) 768 (768) 65,877) 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 15,877) 5,877 7,449 7,449 17,4491 (30,598) (30,598) Total transactions with owners 768 801 1,572 12,170) (30,598) At 30 June 2019 4,151,005 (20,903) (1,573,800) (509,414) 2,046,888 1,264,360 3,311,248 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 76 PARKSON HOLDINGS BERHAD 198201009470 (89194 ) 7 COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Share capital RM'000 (Note 25) Non-distributable Treasury shares RM'000 (Note 25) Other Accumulated reserves losses RM'000 RM'000 (Note 26) Total equity RM'000 At 1 July 2019 Scanned with CamScanner PARKSON HOLDINGS BERHAD 198201009470 (89194-P) COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Share capital RM'000 (Note 25) Non-distributable Treasury shares RM'000 (Note 25) Other reserves RM'000 (Note 26) Accumulated losses RM'000 Total equity RM'000 4,151,005 (20,903) 2,905,831 (6,298,207) 737,726 At 1 July 2019 (as previously stated) Prior year adjustment (Note 43) 2,514,980 2,514,980 4,151,005 (20,903) 2,905,831 (3,783,227) 3,252,706 At 1 July 2019 (restated) 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 Al 1 July 2018 (as previously stated) Prior year adjustment (Note 43) 4,151,005 (20,903) 2,905,831 (6,221,657) 814,276 2,550,303 2,550,303 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 Al 1 July 2018 (as previously stated) Prior year adjustment (Note 43) 4,151,005 (20,903) 2,905,831 (6,221,657) 814,276 2,550,303 2,550,303 4,151,005 (20,903) 2,905,831 (3,671,354) 3,364,579 At 1 July 2018 (restated) 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 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 77 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Scanned with CamScanner The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 77 PARKSON HOLDINGS BERHAD 195201009470 (89194-P) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 2020 RM'000 Group 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) (552,122) (24,135) (583,739) (111,813) 670,850 234,748 (143) 3,212 (505) Cash flows from operating activities Loss before tax Adjustments for: Depreciation and amortisation Amortisation of: - Deferred lease expense - Deferred lease income Write off of: - Property, plant and equipment - Bad debts Impairment loss on interest in a subsidiary Impairment loss on: - Property, plant and equipment - An investment property - Land use rights Right-of-use assets Intangible assets 8,246 259 19,716 581,595 82,635 41,480 72,031 18,500 4,328 145,352 775 (552,122) (24,135) (583,739) (111,813) 670,850 234,748 1 1 3,212 (505) (143) 19,716 8,246 259 581,595 82,635 41,480 72,031 18,500 4,328 145,352 775 Cash flows from operating activities Loss before tax Adjustments for: Depreciation and amortisation Amortisation of: - Deferred lease expense - Deferred lease income Write off of: - Property, plant and equipment - Bad debts Impairment loss on interest in a subsidiary Impairment loss on: - Property, plant and equipment - An investment property - Land use rights - Right-of-use assets - Intangible assets - Amounts due from subsidiaries Receivables Write down of inventories Reversal of impairment loss on: - Property, plant and equipment - Receivables - Amount due from a subsidiary Unrealised foreign currency exchange loss (Gain/loss on disposal of property. plant and equipment Net fair value gain on derivatives Rent concessions related to COVID-19 Defined benefit plan Loss on disposal of a subsidiary Share of results of associates Share of results of joint ventures Finance costs Finance income 24,574 750 25,649 4,547 15,895 2,966 (7,635) (82) (9,393) (2,143) (513) 7,501 4,318 (23,318) 5,157 (1,036) (23) (1,036) 578 (57,688) 580 548 (933) (4,502) 485,529 (49,303) (7,560) (8,599) 150,134 (74,042) 163 (1,165) 3,239 (2,901) 7,501 4,318 - (23,318) 5,157 (1,036) (23) (1,036) (57,688) 580 578 Unrealised foreign currency exchange loss (Gain loss on disposal of property. plant and equipment Net fair value gain on derivatives Rent concessions related to COVID-19 Defined benefit plan Loss on disposal of a subsidiary Share of results of associates Share of results of joint ventures Finance costs Finance income Dividend income from investment securities 548 (933) (4,502) 485,529 (49,303) (7,560) (8,599) 150,134 (74,042) 163 (1,165) 3,239 (2,901) (1,708) (826) Operating profit/(loss) before working capital changes 747,261 349,965 (2,908) (5,324) 2,490 (184,974) (285,934) 12,055 27,939 (154,038) 3,408 221 129,271 (2,158) Changes in working capital: Inventories Receivables Payables Cash flows generated from operations Taxes (paid refunded Interest paid Interest received 278,843 (84,466) (118,250) 53,987 235,921 (70,340) (142,015) 62,908 721 (40) (163) 119 121,789 204 (2,200) 2,340 Net cash flows generated from operating activities 130,114 86,474 637 122,133 78 78 PARKSON HOLDINGS BERHAD 198201009470 (89194-) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 (continued) 2020 RM'000 Group 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Reslated) Scanned with CamScanner axes parcelunted Interest paid Interest received 78,166) (118,250) 53,987 10,340) (142,015) 62,908 (40) (163) 119 2011 (2,200) 2,340 Net cash flows generated from operating activities 130,114 86,474 637 122,133 78 PARKSON HOLDINGS BERHAD 19820 1009470 (89194 ) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 (continued) 2020 RM'000 Group 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) (9) (123,024) (120) (121,349) (110) 70,873 1,837 23 3,000 40,255 Cash flows from investing activities Purchase of property, plant and equipment (Note 11(v)) Additions to intangible assets Proceeds from disposal of property, plant and equipment Proceeds from redemption of an investment security Proceeds from subleases 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 Changes in: - Investment securities Deposits with banks (396) 59 9,191 2,880 170 10,805 106 172,867 685.183 56,540 234.876 40,255 (396) Proceeds from subleases Net cash outflow on disposal of equity interest in a subsidiary (Note 15(ai)) Dividends received from: - An associate - A joint venture - Investment securities Changes in: - Investment securities Deposits with banks 170 59 9,191 2,880 10,805 106 172,867 685,183 56,540 234,876 Net cash flows generated from investing activities 860,768 182,875 14 Cash flows from financing activities Dividends paid to non-controlling interests Proceeds from loans and borrowings Repayment of loans and borrowings Hire purchase principal payments Payment of lease liabilities (10,223) 2,248,907 (2.726,385) (30,598) 473,364 (519,304) (1,402) (90,600) (575,257) Net cash flows used in financing activities (1,062,958) (77,940) (90,600) 637 31,547 (72,076) 4,970 191,409 (4,755) Net (decrease)/increase in cash and cash equivalents Effects of changes in exchange rates Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (Note 23) 1,040,420 853,766 1,790 (29,757) 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 Note Group 2019 RM'000 2020 RM'000 2020 Company 2019 RM'000 (Restated) RM'000 Revenue 4 3,251,152 4,032,665 Other items of income Other income 5 293,521 301,562 25 1,059 (1,617,632) (525,610) (670,850) (1,844,388) (625,127) (234,748) (643) (1) (872) (1) Items of expense Purchase of goods and changes in inventories Employee benefits expense Depreciation and amortisation Promotional and advertising expenses Rental expenses Other expenses Operating profit/(loss) Finance income (54,207) (53,077) (529,035) (77,713) (885,611) (577,712) 8(d) (583,885) (87,087) 7 7. 94,262 49,303 (485 529) 88,928 74,042 (150 1341 (584,504) 1,165 (163) (86,901) 2,901 (3.239) Cinacoste 77 88,928 74,042 (150,134) 7,560 8,599 (584,504) 1,165 (163) 94,262 49,303 (485,529) 933 4,502 26,143 (86,901) 2,901 (3,239) 19 513 (41,480) Operating profit/(loss) Finance income Finance costs Share of results of associates Share of results of joint ventures Gain on disposal of a property Reversal of impairment loss on amount due from a subsidiary Impairment loss on: - Property, plant and equipment - An investment property - Land use rights - Right-of-use assets - Intangible assets - Amounts due from joint ventures - Amounts due from subsidiaries Provision of land tax Loss before tax Income tax expense Loss for the financial year 11 12 13(a) 13(b) 14 (72,031) (18,500) (4,328) (145,352) (775) (750) (5,300) (750) 19 (24,574) (6,350) 8 9 (552,122) (75,126) (24,135) (128,133) (583,739) (40) (111,813) (60) (627,248) (152,268) (583,779) (111,873) 70 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 (continued) Note 2020 RM'000 Group 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) Loss for the financial year attributable to: Owners of the parent Non-controlling interests (583,779) (111,873) (436,354) (190,894) (129,184) (23,084) 15(b) (627,248) (152,268) (583,779) (111,873) Loss per share attributable to owners of the parent (sen) Basic 10(a) 10xb) (40.89) (40.89) (12.11) (12.11) Diluted PARKSON HOLDINGS BERHAD 196201009470 (89194) CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 Note 2020 RM'000 2019 RM'000 Assets 2,544,239 200,485 Non-current assets Property, plant and equipment Investment properties Right-of-use assets Land use rights Intangible assets Investments in associates Investments in joint ventures Deferred tax assets Trade receivables Other receivables Investment securities Time deposits 11 12 13 b) 13(a) 14 16 17 18 20 21 22 23 2,147,635 375,490 2,982,042 226,815 1,263,604 26,599 17,929 157,606 71,963 454,075 16,697 377,652 255,750 1,259,852 25,587 22,445 117,531 67,968 250,434 23,414 863,620 8,118,107 5,631,325 Current assets Inventories Trade and other receivables Investment securities Tax recoverable 24 20 22 360,533 410,919 142,977 5,615 366,589 582,077 314,278 3.868 Investment securities Time deposits 22 23 16,697 377,652 23,414 863,620 8,118,107 5,631,325 Current assets Inventories Trade and other receivables Investment securities Tax recoverable Deposits, cash and bank balances 24 20 22 360,533 410,919 142,977 5,615 1,376,751 366,589 582,077 314,278 3,868 1,637,779 23 2,296,795 40,644 2,904,591 Non-current assets classified as held for sale 11(1)(b) 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 Accumulated losses 25 25 26 4,151,005 (20,903) (1,610,686) (932,472) 4,151,005 (20,903) (1,573,800) (509,414) Non-controlling interests 15(b) 1,586,944 1,036,942 2,046,888 1,264,360 Total equily 2,623,886 3,311,248 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 (continued) Note 2020 RM'000 2019 RM'000 Equity and liabilities (continued) Non-current liabilities Deferred tax liabilities Loans and borrowings Long term payables Provisions Lease liabilities 18 27 29 30 13(c) 150,182 1,491,164 61,981 23,246 3,434,947 141,373 2,307,400 541,636 30,578 5,161,520 3,020,987 Current liabilities Trade and other payables Contract liabilities Loans and borrowings Provisions Lease liabilities Tax payables 31 32 27 30 13(c) 1,177,285 406,767 540,202 4,555 514,001 27,330 1,518,371 448,261 189,268 12,930 34,851 2,670,140 2,203,681 Total liabilities 7,831,660 5,224,668 Total equity and liabilities 10,455,546 8,535,916 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) COMPANY STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 Note 30.6.2020 RM'000 30.6.2019 RM'000 (Restated) 1.7.2018 RM'000 (Restated) Assets Non-current assets Property, plant and equipment Intangible assets Interests in subsidiaries Amounts due from subsidiaries 11 14 15 19 7 28 2,650,249 8,914 8 28 3,233,464 14,095 28 3,342,881 14 2,659,198 3,247,595 3,342,923 Current assets Trade and other receivables Amounts due from subsidiaries Tax recoverable Deposits, cash and bank balances 20 19 160 12,082 155 7,883 150 148,471 264 2,691 23 2,427 11,571 14,669 19,609 151,576 Total assets 2,673,867 3,267,204 3,494,499 Equity and liabilities 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 Accumulated losses 25 25 26 4,151,005 (20,903) 2,905,831 (4,367,006) 4,151,005 (20,903) 2,905,831 (3.783,227) 4,151,005 (20,903) 2,905,831 (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 31 33 27 1,954 2,986 1,648 3,069 9.781 2,337 3,499 123,048 1,036 Total liabilities 4,940 14,498 129,920 Total equity and liabilities 2,673,867 3,267,204 3,494,499 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) 7 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Attributable to owners of the parent Non-distributable Treasury Other Accumulated reserves lossos Share capital Non- controlling interests shares Total equity Total Scanned with CamScanner 75 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) 7 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 7 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 losses RM'000 RM'000 RM000 RM'000 (Note 25) (Note 25) (Note 26) Total RM'000 Non- controlling interests RM'000 Total equity RM'000 4,151,005 (20,903) At 30 June 2019 Effect of MERS 16 adoption (1,573,800) (509,414) 14,256 2,046,888 14,256 1,264,360 8,771 3,311,248 23,027 Al 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) 960 (960) Transactions with owners Transfer to capital reserves Disposal of equity interest in a subsidiary Dividends to non-controlling interests (1,098) (1,098) (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 4,151,005 (20,903) Al 1 July 2018 Effect of MFRS 9 adoption (1,517,787) 4,002 (378,538) (2,726) 2,233,777 1,276 1,373,780 991 3,607,557 2,267 Dividends to non-controlling 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 4,151,005 (20,903) (1,517,787) 4,002 (378,538) (2,726) 2,233,777 1,276 1,373,780 991 3,607,557 2,267 Al 1 July 2018 Effect of MFRS 9 adoption Al 1 July 2018 (restated) Total comprehensive loss for the financial year 4,151,005 (20,903) (1,513,785) (381.264) 2.235,053 1,374,771 3,609,824 (60,783) (128,954) (189,737) (78,241) (267,978) 768 (768) 65,877) 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 15,877) 5,877 7,449 7,449 17,4491 (30,598) (30,598) Total transactions with owners 768 801 1,572 12,170) (30,598) At 30 June 2019 4,151,005 (20,903) (1,573,800) (509,414) 2,046,888 1,264,360 3,311,248 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 76 PARKSON HOLDINGS BERHAD 198201009470 (89194 ) 7 COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Share capital RM'000 (Note 25) Non-distributable Treasury shares RM'000 (Note 25) Other Accumulated reserves losses RM'000 RM'000 (Note 26) Total equity RM'000 At 1 July 2019 Scanned with CamScanner PARKSON HOLDINGS BERHAD 198201009470 (89194-P) COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Share capital RM'000 (Note 25) Non-distributable Treasury shares RM'000 (Note 25) Other reserves RM'000 (Note 26) Accumulated losses RM'000 Total equity RM'000 4,151,005 (20,903) 2,905,831 (6,298,207) 737,726 At 1 July 2019 (as previously stated) Prior year adjustment (Note 43) 2,514,980 2,514,980 4,151,005 (20,903) 2,905,831 (3,783,227) 3,252,706 At 1 July 2019 (restated) 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 Al 1 July 2018 (as previously stated) Prior year adjustment (Note 43) 4,151,005 (20,903) 2,905,831 (6,221,657) 814,276 2,550,303 2,550,303 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 Al 1 July 2018 (as previously stated) Prior year adjustment (Note 43) 4,151,005 (20,903) 2,905,831 (6,221,657) 814,276 2,550,303 2,550,303 4,151,005 (20,903) 2,905,831 (3,671,354) 3,364,579 At 1 July 2018 (restated) 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 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 77 PARKSON HOLDINGS BERHAD 198201009470 (89194-P) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 Scanned with CamScanner The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 77 PARKSON HOLDINGS BERHAD 195201009470 (89194-P) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 2020 RM'000 Group 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) (552,122) (24,135) (583,739) (111,813) 670,850 234,748 (143) 3,212 (505) Cash flows from operating activities Loss before tax Adjustments for: Depreciation and amortisation Amortisation of: - Deferred lease expense - Deferred lease income Write off of: - Property, plant and equipment - Bad debts Impairment loss on interest in a subsidiary Impairment loss on: - Property, plant and equipment - An investment property - Land use rights Right-of-use assets Intangible assets 8,246 259 19,716 581,595 82,635 41,480 72,031 18,500 4,328 145,352 775 (552,122) (24,135) (583,739) (111,813) 670,850 234,748 1 1 3,212 (505) (143) 19,716 8,246 259 581,595 82,635 41,480 72,031 18,500 4,328 145,352 775 Cash flows from operating activities Loss before tax Adjustments for: Depreciation and amortisation Amortisation of: - Deferred lease expense - Deferred lease income Write off of: - Property, plant and equipment - Bad debts Impairment loss on interest in a subsidiary Impairment loss on: - Property, plant and equipment - An investment property - Land use rights - Right-of-use assets - Intangible assets - Amounts due from subsidiaries Receivables Write down of inventories Reversal of impairment loss on: - Property, plant and equipment - Receivables - Amount due from a subsidiary Unrealised foreign currency exchange loss (Gain/loss on disposal of property. plant and equipment Net fair value gain on derivatives Rent concessions related to COVID-19 Defined benefit plan Loss on disposal of a subsidiary Share of results of associates Share of results of joint ventures Finance costs Finance income 24,574 750 25,649 4,547 15,895 2,966 (7,635) (82) (9,393) (2,143) (513) 7,501 4,318 (23,318) 5,157 (1,036) (23) (1,036) 578 (57,688) 580 548 (933) (4,502) 485,529 (49,303) (7,560) (8,599) 150,134 (74,042) 163 (1,165) 3,239 (2,901) 7,501 4,318 - (23,318) 5,157 (1,036) (23) (1,036) (57,688) 580 578 Unrealised foreign currency exchange loss (Gain loss on disposal of property. plant and equipment Net fair value gain on derivatives Rent concessions related to COVID-19 Defined benefit plan Loss on disposal of a subsidiary Share of results of associates Share of results of joint ventures Finance costs Finance income Dividend income from investment securities 548 (933) (4,502) 485,529 (49,303) (7,560) (8,599) 150,134 (74,042) 163 (1,165) 3,239 (2,901) (1,708) (826) Operating profit/(loss) before working capital changes 747,261 349,965 (2,908) (5,324) 2,490 (184,974) (285,934) 12,055 27,939 (154,038) 3,408 221 129,271 (2,158) Changes in working capital: Inventories Receivables Payables Cash flows generated from operations Taxes (paid refunded Interest paid Interest received 278,843 (84,466) (118,250) 53,987 235,921 (70,340) (142,015) 62,908 721 (40) (163) 119 121,789 204 (2,200) 2,340 Net cash flows generated from operating activities 130,114 86,474 637 122,133 78 78 PARKSON HOLDINGS BERHAD 198201009470 (89194-) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 (continued) 2020 RM'000 Group 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Reslated) Scanned with CamScanner axes parcelunted Interest paid Interest received 78,166) (118,250) 53,987 10,340) (142,015) 62,908 (40) (163) 119 2011 (2,200) 2,340 Net cash flows generated from operating activities 130,114 86,474 637 122,133 78 PARKSON HOLDINGS BERHAD 19820 1009470 (89194 ) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020 (continued) 2020 RM'000 Group 2019 RM'000 2020 RM'000 Company 2019 RM'000 (Restated) (9) (123,024) (120) (121,349) (110) 70,873 1,837 23 3,000 40,255 Cash flows from investing activities Purchase of property, plant and equipment (Note 11(v)) Additions to intangible assets Proceeds from disposal of property, plant and equipment Proceeds from redemption of an investment security Proceeds from subleases 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 Changes in: - Investment securities Deposits with banks (396) 59 9,191 2,880 170 10,805 106 172,867 685.183 56,540 234.876 40,255 (396) Proceeds from subleases Net cash outflow on disposal of equity interest in a subsidiary (Note 15(ai)) Dividends received from: - An associate - A joint venture - Investment securities Changes in: - Investment securities Deposits with banks 170 59 9,191 2,880 10,805 106 172,867 685,183 56,540 234,876 Net cash flows generated from investing activities 860,768 182,875 14 Cash flows from financing activities Dividends paid to non-controlling interests Proceeds from loans and borrowings Repayment of loans and borrowings Hire purchase principal payments Payment of lease liabilities (10,223) 2,248,907 (2.726,385) (30,598) 473,364 (519,304) (1,402) (90,600) (575,257) Net cash flows used in financing activities (1,062,958) (77,940) (90,600) 637 31,547 (72,076) 4,970 191,409 (4,755) Net (decrease)/increase in cash and cash equivalents Effects of changes in exchange rates Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (Note 23) 1,040,420 853,766 1,790 (29,757) 973,314 1,040,420 2,427 1,790 Question Find the cash flow yield

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