DESTINI Annual Report 2018

Group Company 2018 2017 2018 2017 Note RM RM RM RM (Restated) Changes in working capital: Inventories 1,349,562 (194,042) - - Contract assets/liabilities (50,723,194) 3,893,847 - - Receivables 108,258,014 (175,255,811) (1,191,056) (15,153,719) Payables (17,313,866) 23,324,241 (1,235,179) 1,290,722 41,570,516 (148,231,765) (2,426,235) (13,862,997) Cash generated from/(used in) operations 70,778,370 (91,715,526) (4,759,014) (841,654) Interest received 1,588,944 548,817 3,145,993 2,960,480 Interest paid (3,330,608) (2,307,547) (3,161,529) (3,704,599) Tax refunded 2,403,111 28,133 - - Tax paid (4,865,783) (13,992,865) (693,417) (282,387) (4,204,336) (15,723,462) (708,953) (1,026,506) Net cash from/(used in) operating activities 66,574,034 (107,438,988) (5,467,967) (1,868,160) Cash Flows From Investing Activities Advance to subsidiaries - - 16,739,550 (15,632,854) Advance to associate and joint venture 450,960 (704,967) - - Purchase of property, plant and equipment 4(b) (12,645,719) (17,200,243) (3,035,705) (3,128,293) Proceeds from disposal of a subsidiary, net of cash disposed 5(c) - 4,176,760 - 4,400,000 Proceeds from disposal of property, plant and equipment 277,178 299,387 - - Proceeds from disposal of investment in securities 130,061 - 130,061 - Investment in joint ventures (796,770) (1) - - Net cash inflows arising from acquisition of subsidiaries 5(b) - 2,730,258 - - Acquisition of a subsidiary - - (1) (1) Addition to intangible assets 9 (1,099,348) (551,511) - - Net cash (used in)/from investing activities (13,683,638) (11,250,317) 13,833,905 (14,361,148) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 (CONT’D) DESTINI BERHAD ANNUAL REPORT 2018 107