Group Company 2023 2022 2023 2022 Note RM’000 RM’000 RM’000 RM’000 Cash flows from/(for) operating activities (cont’d) Operating profit/(loss) before working capital changes brought forward 549,073 417,343 (45,507) (1,679) Reversal of allowance for expected credit losses: - trade receivables (31) (14) - - - other receivables (1) (2) - - - financing receivables (343) (423) - - Inventories written down E 99 15 - - Reversal of inventories written down E (49) (20) - - Right-of-use assets written off 151 - - - Share of result of associates 1 - - - Share of result of joint ventures (435) (124) - - Unrealised gain on foreign exchange (1) (3) (1) - Interest expenses 40,006 9,294 34,329 6,539 Interest income (1,017) (312) (8,403) (10,626) Operating profit/(loss) before working capital changes 587,453 425,754 (19,582) (5,766) Changes in working capital: Inventories E 1,018 (5,814) - - Receivables 3,825 (114,949) (8,188) 7,291 Payables (47,665) 10,352 9,094 2,390 Subsidiaries H - - (5,870) - Contract liabilities 312 (105) - - Cash generated from/(used in) operations 544,943 315,238 (24,546) 3,915 Tax paid (3,931) (5,830) (152) (1,434) Tax refunded 397 1,802 - - Net cash from/(used in) operating activities 541,409 311,210 (24,698) 2,481 STATEMENTS OF CASH FLOWS For the Financial Year Ended 31 December 2023 (cont’d) 176 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K)
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