DESTINI Annual Report 2020

Group Company 2020 2019 2020 2019 Note RM RM RM RM Changes in working capital: Inventories 930,555 (1,844,635) - - Contract assets/liabilities (104,765,698) 32,029,276 - - Receivables 135,238,498 5,009,188 (227,456) 150,969 Payables 29,653,959 50,725,977 (944,045) 2,022,440 61,057,314 85,919,806 (1,171,501) 2,173,409 Cash generated (used in)/from operations (13,114,549) 36,152,255 (11,192,205) (6,739,398) Interest received 250,395 504,701 - - Interest paid (11,751,063) (23,247,966) (632,872) (448,075) Tax refunded 77,654 95,872 - - Tax paid (1,398,234) (2,974,882) - (3,457,440) (12,821,248) (25,622,275) (632,872) (3,905,515) Net cash (used in)/from operating activities (25,935,797) 10,529,980 (11,825,077) (10,644,913) Cash Flows From Investing Activities Advance to subsidiaries - - 15,098,724 17,188,587 Purchase of property, plant and equipment 4 (10,210,489) (17,554,429) (30,277) (115,372) Proceeds from disposal of property, plant and equipment 62,780 3,741,155 - - Proceeds from disposal of investment in securities - 1,061,110 - 1,061,110 Investment in subsidiaries - - (40,100,017) - Investment in securities (2,449,000) - (2,449,000) - Addition to intangible assets 10 (326,179) (784,557) - - Net cash (used in)/from investing activities (12,924,292) (13,536,721) (27,480,570) 18,134,325 For the Financial Year Ended 31 December 2020 (Cont’d) Statements of Cash Flows ANNUAL REPORT 2020 DESTINI BERHAD 97