ENRA Group Berhad Annual Report 2020

ENRA Group Berhad - Annual Report 2020 75 Note Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (Cont’d) Increase in contract assets 14 - 5,977 - - Decrease/(Increase) in inventories 36,359 (15,003) 3,056 (7,616) Decrease/(Increase) in trade and other receivables (41,005) 5,239 (2,838) (4,941) Increase/(Decrease) in trade and other payables 24,854 (13,509) (331) (11,589) Cash generated from/(used in) operations 55,301 17,953 (6,536) (34,568) Tax paid (4,178) (3,399) (109) (271) Tax refunded 442 - 348 - Net cash from/(used in) operating activities 51,565 14,554 (6,297) (34,839) CASH FLOWS FROM INVESTING ACTIVITIES Interest received 1,175 914 2,703 3,888 (Placement)/Uplift of fixed deposits pledged (3,710) (648) (2,100) 1,799 Proceeds from disposal of property, plant and equipment 167 261 - - Net (outflows)/inflows on disposal of subsidiaries - (2,311) - 5,734 Acquisition of: - right-of-use assets (324) (9,149) - - - subsidiaries, net of cash (98) (3,923) - - - property, plant and equipment 4(d) (34,919) (1,207) (22) (6) Proceeds from disposal of investment properties - 85,015 - 85,575 Advances from/(to) subsidiaries - - 6,818 (36,121) Net cash (used in)/from investing activities (37,709) 68,952 7,399 60,869 STATEMENT OF CASH FLOWS For the Financial Year Ended 31 March 2020 The accompanying notes form an integral part of the financial statements.