DESTINI Annual Report 2018

Group Company 2018 2017 2018 2017 Note RM RM RM RM (Restated) Cash Flows From Financing Activities Advance from subsidiaries - - 13,089,971 - (Repayment to)/Advance from a Director (1,500,000) 1,500,000 - - Drawdown of term loans 2,215,559 88,328,324 - - Repayment of term loans (27,001,993) (11,805,332) (19,676,990) (4,391,507) Repayment of finance lease liabilities (759,661) (727,028) (10,700) (13,333) Changes in trust receipts (15,622,788) 17,351,480 - - Decrease/(Increase) in deposits pledged to licensed banks 11,226,039 (16,392,159) - - Net cash from/(used in) financing activities (31,442,844) 78,255,285 (6,597,719) (4,404,840) Net increase/(decrease) in cash and cash equivalents 21,447,552 (40,434,020) 1,768,219 (20,634,148) Effect of exchange translation difference (2,767,218) (1,021,322) - - Cash and cash equivalents at the beginning 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 29,582,163 10,901,829 2,105,872 337,653 Cash and cash equivalents at the end of the financial year comprise: Cash and bank balances 28,018,043 11,468,292 2,105,872 337,653 Fixed deposits with licensed banks 32,130,418 41,223,384 - - Bank overdrafts (933,180) (930,690) - - 59,215,281 51,760,986 2,105,872 337,653 Less: Fixed deposits pledged with licensed banks (29,633,068) (40,859,107) - - Cash at bank pledged with licensed banks (50) (50) - - 29,582,163 10,901,829 2,105,872 337,653 The accompanying notes form an integral part of the financial statements. STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 (CONT’D) DESTINI BERHAD ANNUAL REPORT 2018 108