200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of cash flows (cont'd) For the financial year ended 31 December 2022 2022 2021 2022 2021 Operating activities (cont'd) RM RM RM RM Operating cash flows before changes in working capital 76,295,648 54,764,015 8,432,014 13,545,153 Land held for development (1,966,561) (42,529,818) - - Property development costs (11,205,456) (5,175,132) - - Inventories 16,314,457 45,823,754 - - Receivables 88,024,830 (41,701,297) (91,775) (826,950) Other current assets (81,042,667) 200,253,300 2,916 (129,912) Payables 255,636 (57,038,504) 219,828 105,253 Other current liabilities (8,543,845) (12,613,413) - - Cash flows generated from operations 78,132,042 141,782,905 8,562,983 12,693,544 Interest received 1,804,801 778,772 - - Income taxes paid (13,495,873) (9,741,847) (87,463) (118,294) Interest paid (14,425,482) (15,253,116) (3,877,681) (133,937) Net cash flows generated from operating activities 52,015,488 117,566,714 4,597,839 12,441,313 Investing activities Purchase of property, plant and equipment (21,411,260) (6,203,396) - - Proceeds from disposal of property, plant and equipment 583,850 3,608,140 - - Placement of fixed deposits (1,000) - - - Subscription of shares in subsidiaries - - (10,130,000) (27,590,910) Net cash flows used in investing activities (20,828,410) (2,595,256) (10,130,000) (27,590,910) 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 2022 Kimlun Corporation Berhad | Registration No. 200901023978 (867077-X) 89
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