MKH Annual Report 2019

099 M K H B e r h a d STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019 The Group The Company 2019 2018 2019 2018 RM RM RM RM (Restated) Operating Profit/(Loss) Before Changes in  Working Capital 239,228,180 237,658,551 (2,202,286) (3,799,215) Change in property development costs 131,921,470 45,320,989 - - Change in inventories 60,904,977 36,129,663 - - Change in contract assets (80,451,742) (47,018,014) - - Change in receivables, deposits and prepayments 25,997,779 (42,203,941) 23,315,968 (483,580) Change in payables and accruals (35,882,102) (28,579,077) 229,585 (804,798) Cash Generated From/(Used In) Operations 341,718,562 201,308,171 21,343,267 (5,087,593) Interest received 6,203,937 5,451,093 20,772,898 18,663,455 Interest paid (39,889,386) (38,036,963) (7,192,376) (3,216,910) Tax paid (65,926,993) (71,440,492) (4,229,438) (3,876,184) Tax refunded 9,259,085 1,133,539 - - Retirement benefit obligations paid (785,667) (1,031,517) - - Net Cash From Operating Activities 250,579,538 97,383,831 30,694,351 6,482,768 CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES Acquisition of subsidiaries, net  of cash acquired - - (1) (2) Advances to subsidiaries - - (42,669,324) (40,083,739) Subscription of shares in an associate (5,000,000) - - - Acquisition of property, plant  and equipment (26,712,383) (21,649,535) - - Additions to intangible assets (3,796,311) (4,971,433) - - Additions to land held for  property development (30,903,244) (47,739,819) - - Subscription of additional shares  in subsidiaries - - (50,552,299) (42,250,721) Dividends received from  subsidiaries - - 30,903,675 32,516,500 Withdrawal/(Placement) of deposits with  licensed banks 4,479,568 (5,458,455) - - Proceeds from disposal of an  associate - 2,000,000 - - Proceeds from disposal of  property, plant and equipment 126,221 143,944 - - Proceeds from disposal of  non-current assets classified as  held for sale - 11,082,732 - - Proceeds from capital reduction in an associate 3,375,000 - - - Net Cash Used In Investing  Activities (58,431,149) (66,592,566) (62,317,949) (49,817,962)