MKH BERHAD ANNUAL REPORT 2024 Laying The Foundation of Excellence Where People Matter Guided by Leadership, Inspired by People Delivering Value That Matters to People PG. 174 The Group The Company 2024 2023 2024 2023 RM RM RM RM CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES (CONT’D) Income arising on capital reduction of subsidiaries - - - (1,137,537) Intangible asset written off 2,910,371 - - - Interest expense 27,405,573 23,881,254 8,416,155 6,126,688 Interest income (10,820,183) (11,248,780) (1,321,422) (1,367,406) Inventories written down 92,111 18,960 - - Inventories written off 10,947 16,509 - - Property, plant and equipment written off 801,030 80,816 - - Provision for foreseeable loss 942,025 2,080,070 - - Provision for post-employment benefit obligations 4,965,494 4,415,620 - - Provision for retirement gratuity - 1,317,328 - - Share of results of associates (4,142,481) (3,294,558) - - Unrealised losses on foreign exchange - net 851,353 495,545 - - Operating Profit/(Loss) Before Changes in Working Capital 197,912,311 170,998,277 (4,148,201) (1,971,527) Change in property development costs 45,295,479 61,594,484 - - Change in inventories 14,211,728 46,005,077 - - Change in contract assets 29,854,728 (18,181,101) - - Change in contract costs assets 10,321,057 1,619,295 - - Change in receivables, deposits and prepayments 9,652,767 (15,687,474) 295,029 (233,452) Change in contract liabilities 8,452,388 (573,231) - - Change in payables and accruals (148,011,690) (50,916,817) (10,098,113) 10,380,701 Cash Generated From/(Used In) Operations 167,688,768 194,858,510 (13,951,285) 8,175,722 Interest received 9,684,522 6,783,100 1,321,422 1,367,406 Interest paid (23,097,838) (19,461,760) (8,416,155) (6,126,688) Tax paid (43,612,172) (40,950,647) (250,000) (1,048,542) Tax refunded 5,994,578 4,115,442 - - Retirement benefit obligations paid (1,694,113) (1,654,562) - - Net Cash From/(Used In) Operating Activities 114,963,745 143,690,083 (21,296,018) 2,367,898 Statements of Cash Flows for the Financial Year Ended 30 September 2024
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