Note 2025 2024 $’000 $’000 Operating activities Profit/(Loss) before income tax 10,154 (3,916) Adjustments for: (Reversal)/Provision of loss allowance – Trade and other receivables – (438) – Contract assets (647) (283) – Long-term interests 7 (3,600) 4,000 – Financial guarantee contracts (666) 187 Reversal of impairment loss on investment of an associate – (27,285) Amortisation of intangible assets 7 43 99 Depreciation of property, plant and equipment 7 1,973 2,382 Depreciation of right-of-use assets 7 706 2,415 Gain on disposal of plant and equipment 5 (421) – Gain on disposal of non-current asset held for sale (383) – Interest income 5 (6,214) (6,344) Interest expense 6 1,590 2,138 Decrease in: – Provision for onerous contract 28 (4,328) (3,861) – Provision for reinstatement cost 28 (1,900) – – Provision for restoration cost 28 (259) – (Gain)/Loss on unrealised foreign exchange, net 5/7 (564) 6,047 Share of results of joint ventures (85) (44) Share of results of associates 9,897 10,642 Operating cash flows before movements in working capital 5,296 (14,261) Changes in working capital: Trade and other receivables 15,387 (3,474) Prepayments 32 17 Contract assets (3,766) (6,124) Contract liabilities (49) 13,089 Trade and other payables (17,395) 18,259 Cash (used in)/generated from operations (495) 7,506 Income taxes refund – 1,293 Net cash (used in)/generated from operating activities (495) 8,799 Investing activities Advance to a joint venture (415) (50) Advance to an associate – (2,868) Purchase of property, plant and equipment (276) (420) Proceeds from disposal of property, plant and equipment 428 – Proceeds from disposal of non-current asset held for sale 15,000 – Repayment of loan from associate – 719 Repayment of loan from joint ventures – 14,669 Interest received 184 419 Dividend from joint venture – 1,732 Net cash generated from investing activities 14,921 14,201 Financing activities Fixed deposit pledged with financial institutions (5,100) (1,000) Proceeds from bank borrowings 3,881 6,000 Repayment of lease liabilities (682) (2,363) Repayment of bank borrowings (4,890) (17,852) Interest paid (1,589) (1,819) Net cash used in financing activities (8,380) (17,034) Net increase in cash and cash equivalents 6,046 5,966 Cash and cash equivalents at beginning of financial year 20,775 14,643 Effect of exchange rate changes on cash and cash equivalents (70) 166 Cash and cash equivalents at end of financial year 19 26,751 20,775 The accompanying notes form an integral part of and should be read in conjunction with these financial statements. ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 64 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
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