200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 368,736 Statements of cash flows (cont'd) For the financial year ended 31 December 2023 2023 2022 2023 2022 Operating activities (cont'd) RM RM RM RM Operating cash flows before changes in working capital 40,381,513 76,295,648 7,537,136 8,432,014 Property development costs 3,293,977 (11,205,456) - - Inventories 7,696,602 16,314,457 - - Receivables 21,206,284 88,024,830 (1,365,220) (91,775) Other current assets (65,094,598) (81,042,667) (377) 2,916 Payables 107,326,670 255,636 (44,206) 219,828 Other current liabilities 2,492,889 (8,543,845) - - Cash flows generated from operations 117,303,337 80,098,603 6,127,333 8,562,983 Interest received 2,571,501 1,804,801 - - Income taxes paid (8,027,282) (13,495,873) (116,534) (87,463) Interest paid (22,583,995) (14,425,482) (5,411,619) (3,877,681) Net cash flows generated from operating activities 89,263,561 53,982,049 599,180 4,597,839 Investing activities Purchase of property, plant and equipment (32,965,922) (21,411,260) - - Land held for development (143,926,962) (1,966,561) - - Proceeds from disposal of property, plant and equipment 3,855,511 583,850 - - Placement of fixed deposits - (1,000) - - Additional investment in an existing subsidiary - - (23,150,000) (10,130,000) Net cash flows used in investing activities (173,037,373) (22,794,971) (23,150,000) (10,130,000) The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Group Company - 24 - STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Kimlun Corporation Berhad 094
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