DESTINI Annual Report 2020

Group Company 2020 2019 2020 2019 Note RM RM RM RM Cash Flows From Financing Activities Repayment to subsidiaries - - (10,525,791) (1,174,296) Drawdown of term loans - 4,310,000 - - Repayment of term loans (9,387,664) (22,931,203) (8,390,320) (13,724,173) Payment of lease liabilities (7,347,077) (7,013,080) - - Changes in trust receipts - (3,057,913) - - Proceeds from private placement 20 65,737,890 5,430,000 65,737,890 5,430,000 Decrease in deposits pledged to licensed banks (114,526) 13,190,901 - - Net cash from/(used) in financing activities 48,888,623 (10,071,295) 46,821,779 (9,468,469) Net increase/(decrease) in cash and cash equivalents 10,028,534 (13,078,036) 7,516,132 (1,979,057) Effect of exchange translation difference 2,142,846 (7,724,053) - - Cash and cash equivalents at the beginning of the financial year 8,780,074 29,582,163 126,815 2,105,872 Cash and cash equivalents at the end of the financial year 20,951,454 8,780,074 7,642,947 126,815 Cash and cash equivalents at the end of the financial year comprise: Cash and bank balances 22,120,731 9,658,432 7,642,947 126,815 Fixed deposits with licensed banks 16,937,725 16,823,199 - - Bank overdrafts 23 (1,169,277) (1,259,390) - - 37,889,179 25,222,241 7,642,947 126,815 Less: Fixed deposits pledged with licensed banks (16,937,725) (16,442,167) - - 20,951,454 8,780,074 7,642,947 126,815 Cash Outflows For Lease as a lessee Included in Net Cash From Operating Activities Payment relating to short-term lease 337,513 1,138,255 - - Interest paid in relation to lease liabilities 927,751 1,183,263 - - Included in Net Cash From Financing Activities Payment of lease liabilities 7,347,077 7,013,080 - - 8,612,341 9,334,598 - - For the Financial Year Ended 31 December 2020 (Cont’d) Statements of Cash Flows The accompanying notes form an integral part of the financial statements. ANNUAL REPORT 2020 DESTINI BERHAD 98