Dagang NeXchange Berhad Annual Report 2018

Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Dividends received from investees 627 - 16,543 34,237 Management fee received from subsidiaries - - 14,574 16,374 Cash receipts from customers 295,420 191,188 - - Cash payments to suppliers (129,683) (91,794) - - Cash payments to employees and for expenses (107,043) (81,522) (33,257) (15,711) Cash flows generated from/(used in) operating activities 59,321 17,872 (2,140) 34,900 Net taxation (18,659) (14,506) (6,425) - Interest and other income received - - 10 154 Zakat paid (336) (521) - - Net cash generated from/(used in) operating activities 40,326 2,845 (8,555) 35,054 Cash flows from investing activities Advances to subsidiaries - - (10,250) (35,773) Interest received 562 1,213 2,062 2,737 Proceeds from disposal of property, plant and equipment 1,361 140 - 72 Purchase of property, plant and equipment, and intangible assets (22,321) (31,102) (54) - Acquisition of subsidiaries (3,564) - - - Deposit for acquisition of investments - (1,000) - - Net cash used in investing activities (23,962) (30,749) (8,242) (32,964) Cash flows from financing activities Drawdown of loans and borrowings 32,893 21,619 18,000 - Proceeds from share options exercised 653 5,507 653 5,507 Dividend paid to owners of the Company - (17,440) - (17,440) Payment of loans and borrowings interests (3,128) (612) (519) (253) Repayment of loans and borrowings principal (66,656) (1,619) - - Increase in pledged deposits and restricted cash (5,149) (1,487) - - Net cash (used in)/generated from financing activities (41,387) 5,968 18,134 (12,186) 103 Annual Report 2018 STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2018 FINANCIAL STATEMENTS