DESTINI Annual Report 2019

Group Company 2019 2018 2019 2018 Note RM RM RM RM (Restated) Cash Flows From Financing Activities (Repayment to)/Advance from subsidiaries - - (1,174,296) 13,089,971 Repayment to a Director - (1,500,000) - - Drawdown of term loans 4,310,000 2,215,559 - - Repayment of term loans (22,931,203) (27,001,993) (13,724,173) (19,676,990) Repayment of lease liabilities (7,013,080) (759,661) - (10,700) Changes in trust receipts (3,057,913) (15,622,788) - - Proceeds from private placement 22 5,430,000 - 5,430,000 - Decrease in deposits pledged to licensed banks 13,190,901 11,226,039 - - Net cash used in financing activities (10,071,295) (31,442,844) (9,468,469) (6,597,719) Net increase/(decrease) in cash and cash equivalents (13,078,036) 21,447,552 (1,979,057) 1,768,219 Effect of exchange translation difference (7,724,053) (2,767,218) - - Cash and cash equivalents at the beginning 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 8,780,074 29,582,163 126,815 2,105,872 Cash and cash equivalents at the end of the financial year comprise: Cash and bank balances 9,658,432 28,018,043 126,815 2,105,872 Fixed deposits with licensed banks 16,823,199 32,130,418 - - Bank overdrafts 27 (1,259,390) (933,180) - - 25,222,241 59,215,281 126,815 2,105,872 Less: Fixed deposits pledged with licensed banks (16,442,167) (29,633,068) - - Cash at bank pledged with licensed banks - (50) - - 8,780,074 29,582,163 126,815 2,105,872 The accompanying notes form an integral part of the financial statements. FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONT’D) STATEMENTS OF CASH FLOWS 06 FINANCIAL STATEMENTS DESTINI BERHAD 104