82 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 Group Company 2021 2020 2021 2020 Note RM RM RM RM CASH FLOWS FROM OPERATING ACTIVITIES (Cont’d) Operating profit/(loss) before changes in working capital 55,345,894 68,619,369 (2,669,641) (4,270,280) Decrease/(Increase) in inventories 9,994,295 (9,393,389) 103,399 (47,880) (Increase)/Decrease in trade and other receivables (4,729,158) (15,188,265) 1,716,396 1,122,894 Increase/(Decrease) in trade and other payables 24,725,855 1,624,720 468,865 (706,841) Advance receipts for contract liabilities 29(b) 13,065,532 6,416,172 1,572,079 1,483,722 Increase in employee benefits obligations - 279,331 - - Cash generated from/(used in) operations 98,402,418 52,357,938 1,191,098 (2,418,385) Dividends received - - 8,000,000 9,000,000 Interest received 3,275,439 3,058,665 2,309,176 1,538,990 Interest paid (1,818,001) (1,197,596) (1,028,564) - Tax paid (11,861,159) (15,026,200) (29,568) 368,328 Tax refunded 616,517 5,157,125 - (52,178) Net cash from operating activities 88,615,214 44,349,932 10,442,142 8,436,755 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property, plant and equipment 12(b) (43,292,456) (17,223,824) (208,659) (246,935) Acquisition of interests in other investment (30,026,750) - (30,000,000) - Disposal of subsidiaries, net of cash disposed 16(e) - (449,163) - - Proceeds from disposals of: - property, plant and equipment 978,145 1,827,795 - 5,089 - right-of-use assets - - - 1 - other investments 29,728,107 387,963 29,728,107 320,425 Increase investment in an associate 17(e) (317,600) (158,800) - - Placement in deposits pledged or maturity more than 3 months (3,113,608) (892,466) (1,959,355) - (Advances to)/Repayment from subsidiaries - - (11,885,936) 3,724,922 Net cash (used in)/from investing activities (46,044,162) (16,508,495) (14,325,843) 3,803,502 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 CONT’D
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