Registration No. 200301030845 (633265-K) - 25 - DESTINI BERHAD (Incorporated in Malaysia) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 (CONT’D) 2021 2020 2021 2020 Note RM RM RM RM Changes in working capital: Inventories 465,118 930,555 - - Contract assets/liabilities 37,941,206 (104,765,698) - - Receivables (7,810,181) 135,238,498 (11,755,529) (227,456) Payables (49,203,601) 29,732,113 753,087 (944,045) (18,607,458) 61,135,468 (11,002,442) (1,171,501) Cash used in operations (8,253,922) (13,308,669) (19,536,640) (11,192,205) Tax refunded - 77,654 - - Tax paid (2,679,991) (1,398,234) - - (2,679,991) (1,320,580) - - Net cash used in operating activities (10,933,913) (14,629,249) (19,536,640) (11,192,205) Cash Flows From Investing Activities Advance to subsidiaries - - (10,265,044) 15,098,724 Interest received 436,947 250,395 29,343 - Purchase of property, plant and equipment 4 (2,169,239) (10,211,893) (56,818) (30,277) Purchase of right-of-use assets (58,273) - - - Proceeds from disposal of: - property, plant and equipment 107,000 62,780 - - - investment in securities 4,525,920 - 4,525,920 - - subsidiaries 4,249,879 - - - Investment in subsidiaries - - - (40,100,017) Investment in securities (1,875,900) (2,449,000) (1,875,900) (2,449,000) Increase in deposits pledged to licensed banks (1,640,358) (114,526) - - Addition to intangible assets 10 (100,000) (326,179) - - Net cash from/(used in) investing activities 3,475,976 (12,788,423) (7,642,499) (27,480,570) Group Company FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 (CONT’D) STATEMENTS OF CASH FLOWS 102 DESTINI BERHAD • ANNUAL REPORT 2021
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