My EG Services Berhad Annual Report 2020

ANNUAL REPORT 2020 139 FINANCIAL STATEMENTS The Group The Company 1.1.2020 to 31.12.2020 1.10.2018 to 31.12.2019 1.1.2020 to 31.12.2020 1.10.2018 to 31.12.2019 RM’000 RM’000 RM’000 RM’000 Operating profit/(loss) before working capital changes brought forward 314,091 355,018 (12,131) (16,787) (Increase)/Decrease in inventories (235) 173 - - Decrease/(Increase) in financing receivables 88,798 (148,354) - - (Increase)/Decrease in trade and other receivables (63,703) 16,708 (24,224) 10,022 Decrease/(Increase) in trust account balances # (2) - - (Decrease)/Increase in trade and other payables (33,478) (55,485) (5,664) 7,957 (Increase)/Decrease in amount owing by subsidiaries - - (190,592) 182,512 (Increase)/Decrease in amount owing by joint ventures (419) (82) 95 (82) Increase in net amount owing by associates (161) (6) (195) - Increase in deferred revenue 93 68 - - CASH FROM/(FOR) OPERATIONS 304,986 168,038 (232,711) 183,622 Income tax paid (2,568) (6,311) (164) (2,363) NET CASH FROM/(FOR) OPERATING ACTIVITIES 302,418 161,727 (232,875) 181,259 # – represents an amount less than RM1,000. The annexed notes form an intergral part of these financial statements. STATEMENTS OF CASH FLOWS For The Financial Year Ended 31 December 2020 (CONT’D)