The accompanying accounting policies and explanatory information form an integral part of the financial statements. 2024 2023 RM’000 RM’000 Cash flows from operating activities (Loss)/profit before tax (7,925) 62,305 Adjustments for: Depreciation of property, plant and equipment 48 235 Depreciation of right-of-use assets – 128 Finance income (100,103) (125,766) Finance costs 116,639 143,633 Gain on disposal of investments in subsidiaries, net – (90,851) Waiver of debts (906) – Dividend income from subsidiaries (23,507) (7,419) Operating loss before working capital changes (15,754) (17,735) Changes in working capital: Trade and other receivables 80,945 470,946 Trade and other payables 240,864 (151,658) Cash generated from operations 306,055 301,553 Finance costs paid (106,114) (137,185) Net tax paid (3,207) (1,789) Net cash generated from operating activities 196,734 162,579 Cash flows from investing activities Purchase of property, plant and equipment (6) (35) Dividend income received 23,507 7,419 Finance income received 100,103 125,766 Proceeds from disposal of property, plant and equipment – 161 Proceeds from disposal of investments in subsidiaries – 72,460 Redemption of shares in subsidiaries, net of expenses – 47,333 Net cash generated from investing activities 123,604 253,104 Cash flows from financing activities Drawdown from borrowings 44,000 – Repayment of borrowings (101,287) (715,710) (Repayment to)/advances from shareholders (119,685) 178,277 Perpetual bond distribution paid (46,715) (44,506) (Placement)/uplift of debt service reserve, escrow accounts and deposits with licensed banks not available for use (73,115) 168,557 Purchase of treasury shares (18,817) – Repayment of principal portion of lease liabilities – (144) Net cash used in financing activities (315,619) (413,526) Net increase in cash and cash equivalents 4,719 2,157 Cash and cash equivalents at beginning of financial year (17,170) (19,327) Cash and cash equivalents at end of financial year (Note 26) (12,451) (17,170) STATEMENT OF CASH FLOWS - COMPANY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 FINANCIAL STATEMENTS & OTHER INFORMATION 245
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