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 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) Note RM RM RM RM Net increase/(decrease) in cash and cash equivalents 24,938,293 (16,508,124) (3,230,652) 1,904,421 Effect of exchange translation difference (3,831,989) (3,733,354) - - Cash and cash equivalents at the beginning of the financial year 10,122,450 30,363,928 5,094,326 3,189,905 Cash and cash equivalents at the end of the financial year 31,228,754 10,122,450 1,863,674 5,094,326 Cash and cash equivalents at the end of the financial year comprise: Cash and bank balances 31,566,226 10,787,668 1,863,674 5,094,326 Fixed deposits with licensed banks 18,043,371 16,787,513 - - Bank overdrafts 26 (337,472) (665,218) - - 49,272,125 26,909,963 1,863,674 5,094,326 Less: Fixed deposits pledged for credit facilities (18,043,371) (16,787,513) - - 31,228,754 10,122,450 1,863,674 5,094,326 Group Company 103 DESTINI BERHAD ANNUAL REPORT 2024
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