DESTINI Annual Report 2019

Group Company 2019 2018 2019 2018 Note RM RM RM RM (Restated) Changes in working capital: Inventories (1,844,635) 1,349,562 - - Contract assets/liabilities 32,029,276 (50,723,194) - - Receivables 5,009,188 108,258,014 150,969 (1,191,056) Payables 50,725,977 (17,313,866) 2,022,440 (1,235,179) 85,919,806 41,570,516 2,173,409 (2,426,235) Cash generated from/(used in) operations 36,152,255 70,778,370 (6,739,398) (4,759,014) Interest received 504,701 1,588,944 - 3,145,993 Interest paid (23,247,966) (3,330,608) (448,075) (3,161,529) Tax refunded 95,872 2,403,111 - - Tax paid (2,974,882) (4,865,783) (3,457,440) (693,417) (25,622,275) (4,204,336) (3,905,515) (708,953) Net cash from/(used in) operating activities 10,529,980 66,574,034 (10,644,913) (5,467,967) Cash Flows From Investing Activities Advance to subsidiaries - - 17,188,587 16,739,550 Advance to associate and joint venture - 450,960 - - Purchase of property, plant and equipment 4 (17,554,429) (12,645,719) (115,372) (3,035,705) Proceeds from disposal of a property, plant and equipment 3,741,155 277,178 - - Proceeds from disposal of investment in securities 1,061,110 130,061 1,061,110 130,061 Investment in joint ventures 8 - (796,770) - - Acquisition of a subsidiary - - - (1) Addition to intangible assets 10 (784,557) (1,099,348) - - Net cash (used in)/from investing activities (13,536,721) (13,683,638) 18,134,325 13,833,905 FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONT’D) STATEMENTS OF CASH FLOWS FINANCIAL STATEMENTS 06 ANNUAL REPORT 2019 103