200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of cash flows (cont'd) For the financial year ended 31 December 2021 2021 2020 2021 2020 Operating activities (cont'd) RM RM RM RM Operating cash flows before changes in working capital 54,764,015 86,941,727 13,545,153 17,223,708 Land held for development (42,529,818) (15,034,563) - - Property development costs (5,175,132) (2,830,339) - - Inventories 45,823,754 8,555,131 - - Receivables (41,701,297) 33,229,068 (826,950) - Other current assets 200,253,300 10,010,302 (129,912) - Payables (57,038,504) (61,682,090) 105,253 98,316 Other current liabilities (12,613,413) (11,679,816) - - Cash flows generated from operations 141,782,905 47,509,420 12,693,544 17,322,024 Interest received 778,772 958,180 - - Income taxes paid (9,741,847) (16,015,461) (118,294) (276,123) Interest paid (15,253,116) (19,316,065) (133,937) - Net cash flows generated from operating activities 117,566,714 13,136,074 12,441,313 17,045,901 Investing activities Purchase of property, plant and equipment (6,203,396) (5,812,659) - - Prepayment on land - (10,000) - - Proceeds from disposal of property, plant and equipment 3,608,140 4,069,142 - - Incidental expenses on disposal of investment properties - (23,117) - - Proceeds from disposal of investment properties - 3,274,900 - - Proceeds from disposal of property held for sale - 330,000 - - Net outflow on acquisition of a subsidiary - (3,807,986) - - Subscription of shares in subsidiaries - - (27,590,910) (21,317,000) Net cash flows used in investing activities (2,595,256) (1,979,720) (27,590,910) (21,317,000) Group Company The accompanying accounting policies and explanatory notes form an integral part of the financial statements. - 24 - STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Annual Repor t 2021 84
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