Dagang NeXchange Berhad Annual Report 2019

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 STATEMENTS OF CASH FLOWS annual report 2019 109 Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Dividends received from investees 693 627 14,542 16,543 Management fee received from subsidiaries - - 15,687 14,574 Cash receipts from customers 320,787 295,420 - - Cash payments to suppliers (190,363) (129,683) - - Cash payments to employees and for expenses (105,420) (107,043) (13,505) (33,257) Cash flows generated from/(used in) operating activities 25,697 59,321 16,724 (2,140) Net taxation (15,461) (18,659) (1,339) (6,425) Interest and other income received - - 1 10 Zakat paid (462) (336) - - Net cash generated from/(used in) operating activities 9,774 40,326 15,386 (8,555) Cash flows from investing activities Advances to subsidiaries - - (15,420) (10,250) Interest received 238 562 1,145 2,062 Proceeds from disposal of property, plant and equipment 12,776 1,361 - - Purchase of property, plant and equipment, and intangible assets (10,784) (22,321) (74) (54) Acquisition of investments (83) - - - Additional investments in subsidiaries - (3,564) - - Increase in investment in a subsidiary by non controlling interests 1,200 - - - Net cash generated from/(used in) investing activities 3,347 (23,962) (14,349) (8,242) Cash flows from financing activities Drawdown of loans and borrowings 29,122 32,893 15,000 18,000 Payment of lease liabilities (3,377) - - - Proceeds from issuance of shares 196 - - - Proceeds from share options exercised 13 653 13 653 Dividend paid to owners of the Company (8,790) - (8,790) - Dividend paid by a subsidiary to non-controlling interests (980) - - - Payment of loans and borrowings interests (3,880) (3,128) (1,983) (519) Repayment of loans and borrowings principal (13,713) (66,656) (5,000) - Increase in pledged deposits and restricted cash (3,990) (5,149) - - Net cash (used in)/generated from financing activities (5,399) (41,387) (760) 18,134