Registration No. 200301030845 (633265-K) - 24 - DESTINI BERHAD (Incorporated in Malaysia) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL PERIOD FROM 1 JANUARY 2023 TO 30 JUNE 2024 (CONT’D) 1.1.2023 1.1.2022 1.1.2023 1.1.2022 to to to to 30.6.2024 31.12.2022 30.6.2024 31.12.2022 (18 months) (12 months) (18 months) (12 months) RM RM RM RM Cash Flows From Operating Activities (Cont'd) Adjustments for: (Cont'd) Right of use assets written off 164,271 Reversal of impairment loss on - Trade receivables (540,969) (1,078,646) - - - Investment in subsidiaries - - - (276,674) Unrealised gain on foreign exchange (268,082) (174,772) - - Operating (loss)/gain before working capital changes (61,067,363) 2,387,089 (32,489,624) (11,843,133) Changes in working capital: Inventories (55,959,614) (1,211,606) - - Contract assets/liabilities 8,484,726 76,350,540 - - Receivables (97,819,466) 15,192,342 (37,325,428) (5,814,215) Subsidiary company - - (63,142,592) 23,862,083 Payables 115,798,703 (19,083,760) 36,622,870 1,953,047 Joint venture (299,205) 500,000 - - Associate - (7,605) - - (29,794,856) 71,739,911 (63,845,150) 20,000,915 Cash (used in)/generated from operations (90,862,219) 74,127,000 (96,334,774) 8,157,782 Tax refunded 208,227 260,557 - - Tax paid (1,226,425) (3,929,698) (880,080) (663,400) (1,018,198) (3,669,141) (880,080) (663,400) Net cash (used in)/from operating activities (91,880,417) 70,457,859 (97,214,854) 7,494,382 Group Company 101 DESTINI BERHAD ANNUAL REPORT 2024
RkJQdWJsaXNoZXIy NDgzMzc=