2024 2023 RM’000 RM’000 Cash flows from operating activities Net cash generated from operating activities brought forward 18,378 75,925 Inventories written down 141,245 119,699 Bad debts written off 824 853 Loss on lease termination – 568 Operating profit before working capital changes 160,447 197,045 Changes in working capital: Trade and other receivables (22,976) (64,805) Contract cost assets 179,962 181,042 Contract assets 144,852 (244,000) Inventories (182,827) (37,458) Biological assets (1,034) (797) Trade and other payables (95,185) 317,013 Contract liabilities 41,691 2,248 Cash generated from operations 224,930 350,288 Finance costs paid (143,498) (180,657) Net taxes paid (47,835) (33,453) Net cash generated from operating activities 33,597 136,178 Cash flows from investing activities Purchase of property, plant and equipment (11,742) (37,917) Purchase of investment properties (16,058) (5,038) Purchase of intangible assets – (2,246) Expenditure incurred in relation to assets classified as held for sale (1,696) – Proceeds from disposal of subsidiaries, net of cash at bank disposed of – 68,214 Proceeds from disposal of property, plant and equipment 371 594 Proceeds from disposal of investment property 679,192 3,490 Proceeds from disposal of quoted shares 33,154 59,475 Proceeds from disposal of assets classified as held for sale 660,111 – Proceeds from disposal of right-of-use assets 3,846 – Acquisition of quoted shares – (60,915) Repayment from a joint venture 1,506 1,219 Placement in money market fund investment (158) – Finance income received 7,378 7,106 Dividend income received 28,402 25,569 Net cash generated from investing activities 1,384,306 59,551 FINANCIAL STATEMENTS & OTHER INFORMATION 243
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