Registration No. 200301030845 (633265-K) - 26 - The accompanying notes form an integral part of the financial statements. 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 Cash Flows From Financing Activities Repayment to subsidiaries - - (904,324) (10,525,791) Interest paid (5,267,532) (11,751,063) (915,648) (632,872) Net changes in term loans (1,413,930) (9,387,664) (1,307,666) (8,390,320) Payment of lease liabilities (4,553,032) (7,347,077) - - Proceeds from private placement 20 25,853,735 65,737,890 25,853,735 65,737,890 Net cash from financing activities 14,619,241 37,252,086 22,726,097 46,188,907 Net increase/(decrease) in cash and cash equivalents 7,161,304 9,834,414 (4,453,042) 7,516,132 Effect of exchange translation difference 2,445,290 2,142,846 - - Cash and cash equivalents at the beginning of the financial year 20,757,334 8,780,074 7,642,947 126,815 Cash and cash equivalents at the end of the financial year 30,363,928 20,757,334 3,189,905 7,642,947 Cash and cash equivalents at the end of the financial year comprise: Cash and bank balances 29,832,222 22,120,731 1,189,905 7,642,947 Fixed deposits with licensed banks 20,578,083 16,937,725 2,000,000 - Bank overdrafts 23 (1,468,294) (1,363,397) - - 48,942,011 37,695,059 3,189,905 7,642,947 Less: Fixed deposits pledged with licensed banks (18,578,083) (16,937,725) - - 30,363,928 20,757,334 3,189,905 7,642,947 Group Company FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 (CONT’D) ST TEMENTS OF CASH FLOWS 103 ANNUAL REPORT 2021 • DESTINI BERHAD
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