DESTINI AR 2017

Group Company 2017 2016 2017 2016 RM RM RM RM Cash Flows From Financing Activities Advance from a Director 1,500,000 - - - Drawdown of term loans 88,328,324 52,258,322 - 50,000,000 Repayment of term loans (11,805,332) (11,077,853) (4,391,507) (841,626) Repayment of finance lease liabilities (727,028) (651,099) (13,333) (3,167) Changes in trust receipts 17,351,480 (1,870,174) - - Proceeds from exercise of warrants - 95,423,352 - 95,423,352 Proceeds from issue of preference shares - 1,377,287 - - Increased in deposits pledged to licensed banks (16,392,159) (8,703,476) - - Net cash from/(used in) financing activities 78,255,285 126,756,359 (4,404,840) 144,578,559 Net (decrease)/increase in cash and cash equivalents (40,434,020) 24,941,494 (20,634,148) 6,437,774 Effect of exchange translation difference (1,021,322) (377,903) - - Cash and cash equivalents at the beginning of the financial year 52,357,171 27,793,580 20,971,801 14,534,027 Cash and cash equivalents at the end of the financial year 10,901,829 52,357,171 337,653 20,971,801 Cash and cash equivalents at the end of the financial year comprise: Cash and bank balances 11,468,292 21,747,990 337,653 971,801 Fixed deposits with licensed banks 41,223,384 55,360,407 - 20,000,000 Bank overdrafts (930,690) (284,228) - - 51,760,986 76,824,169 337,653 20,971,801 Less: Fixed deposits pledged with licensed banks (40,859,107) (24,466,948) - - Cash at bank pledged with licensed banks (50) (50) - - 10,901,829 52,357,171 337,653 20,971,801 92 DESTINI BERHAD Cash Flows Statements of for the Financial Year Ended 31 December 2017 The accompanying notes form an integral part of the financial statements.