MSM Malaysia Holdings Berhad Annual Report 2019

STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 (Restated) (Restated) CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) Changes in working capital: Inventories 308,693 45,303 - - Receivables 18,401 9,742 256 2,934 Payables (138,879) 70,914 (655) (2,188) Intercompany 41,944 1,680 20,241 4,509 Cash generated from/(used in) operations 285,077 303,777 15,555 (2,664) Zakat paid (14) (1,500) - - Tax paid (25,339) (12,222) (1,965) (289) Tax refunded 31,920 114 5,922 - Operating cash generated from/(used in) continuing operations 291,644 290,169 19,512 (2,953) Operating cash generated from/(used in) discontinuing operation 16(iii) 13,920 (2,476) - - Net cash generated from/(used in) operating activities 305,564 287,693 19,512 (2,953) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment 36 (25,409) (321,916) (379) (358) Purchase of intangible assets (586) (2,468) (571) (2,468) Proceeds from disposal of property, plant and equipment - 28 - - Interest received 4,032 3,793 5,589 8,648 Dividend received - - 43,718 - Loans to subsidiaries - - (73,110) (371,579) Repayment of loan by subsidiaries - - 108,463 75,500 Proceeds from lease receivables - - 1,796 1,056 Investing cash (used in)/generated from continuing operations (21,963) (320,563) 85,506 (289,201) Investing cash used in discontinuing operation 16(iii) (1,462) (5,658) - - Net cash (used in)/generated from investing activities (23,425) (326,221) 85,506 (289,201) 123 FINANCIAL STATEMENTS 08