MSM Malaysia Holdings Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 41 EFFECTS OF CHANGES IN ACCOUNTING POLICY (CONTINUED) Impact on change in accounting policy on Statements of Cash Flows Effects on current year Restatement of comparative figures Financial year ended 31 December 2019 Financial year ended 31 December 2018 As Previous Effects of As previously Effects of Group (in RM’000) policy MFRS 16 presented stated MFRS 16 Restated Cash flows from operating activities Cash generated from operations 283,461 1,616 285,077 302,099 1,678 303,777 Operating cash generated from/(used in) continuing operations 290,028 1,616 291,644 288,491 1,678 290,169 Operating cash generated from/(used in) discontinuing operations 13,290 - 13,290 (2,476) - (2,476) Net cash generated from operating activities 303,948 1,616 305,564 286,015 1,678 287,693 Cash flows from financing activities Principal payment of lease liability - (1,301) (1,301) - (1,315) (1,315) Interest payment of lease liability - (315) (315) - (363) (363) Net cash used in financing activities (225,610) (1,616) (227,226) (16,771) (1,678) (18,449) Net increase/(decrease) in cash and cash equivalents 54,913 - 54,913 (56,977) - (56,977) * Certain amounts have been reclassified for consistency with the current year presentation for discontinuing operation. These reclassifications had no effect on the net decrease in cash and cash equivalents for the financial year ended 31 December 2018, as previously stated. MSM Malaysia Holdings Berhad | Annual Report 2019 222