MSM Malaysia Holdings Berhad Annual Report 2020

STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) Non-Cash item from discontinuing operations (Note 16(iii)) 73,503 3,513 - - Operating profit/(loss) before changes in working capital 172,178 58,363 (3,459) (4,287) Changes in working capital: Inventories 24,637 308,693 - - Receivables 51,976 18,401 711 256 Payables 35,563 (138,811) 910 (655) Intercompany 5,029 41,944 (6,271) 20,241 Changes in working capital from continuing operations 117,205 230,227 (4,650) 19,842 Changes in working capital from discontinuing operation (Note 16(iii)) (12,481) 10,407 - - Cash generated from/(used in) operations 276,902 298,997 (8,109) 15,555 Zakat paid (1,486) (14) - - Tax paid (32,930) (25,339) (4,175) (1,965) Tax refunded - 31,920 - 5,922 Net cash generated from/(used in) operating activities 242,486 305,564 (12,284) 19,512 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment 36 (22,271) (25,409) (378) (379) Purchase of intangible assets (596) (586) (561) (571) Proceeds from disposal of property, plant and equipment 25 - - - Proceeds from disposal of asset held for sale 1,148 - - - Interest received 3,835 4,032 633 5,589 Dividend received - - 75,000 43,718 Loans to subsidiaries - - (3,627) (73,110) Repayment of loan by subsidiaries - - 98,112 108,463 Proceeds from lease receivables - - 2,167 1,796 Investing cash (used in)/generated from continuing operations (17,859) (21,963) 171,346 85,506 Investing cash used in discontinuing operation 16(iii) 619 (1,462) - - Net cash (used in)/generated from investing activities (17,240) (23,425) 171,346 85,506 MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 140 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT