S E C T I O N 6 F I N A N C I A L R E P O R T S 139 STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 Group Fund Note 2021 2020 2021 2020 RM RM RM RM Cash flows from operating activities Profit/(loss) before tax 3,187,189 (12,285,065) 2,113,933 (12,225,870) Adjustments for: Islamic financing costs: - Finance costs 24,474,076 26,882,588 24,474,076 26,882,588 - Imputed finance costs 1,565,096 2,007,193 1,565,096 2,007,193 Depreciation of equipment 172,286 163,514 172,286 163,514 Fair value loss on investment properties 12,740,709 31,261,883 12,740,709 31,261,883 Investment income (329,773) (451,867) (329,773) (451,867) Unbilled rental income (3,734,166) (4,421,638) (3,734,166) (4,421,638) Allowance for expected credit losses of trade receivables 9,527,577 13,404,632 9,527,577 13,404,632 Operating profit before working capital changes 47,602,994 56,561,240 46,529,738 56,620,435 (Increase)/decrease in: Trade receivables (14,568,107) (22,020,474) (14,568,107) (22,020,474) Other receivables and prepaid expenses (92,130) (1,129,793) (92,357) (1,226,443) Amount due from immediate holding company 50,377 - 50,377 - Amount due from related companies (580,999) 289,080 (580,999) 289,080 (Decrease)/increase in: Other payables and accrued expenses 3,235,806 (4,818,567) 3,230,745 (4,735,701) Amount due to immediate holding company 54,496 - 54,496 - Amount due to related companies 849,605 (513,948) 849,605 (513,948) Net cash generated from operating activities 36,552,042 28,367,538 35,473,498 28,412,949 Cash flows from investing activities Income received from other investments 329,773 451,867 329,773 451,867 Purchase of equipment (3,500) (110,033) (3,500) (110,033) Additions to investment properties A (612,542) (2,017,972) (612,542) (2,017,972) Net cash used in investing activities (286,269) (1,676,138) (286,269) (1,676,138) Cash flows from financing activities (Increase)/decrease in pledged deposits with licensed banks (704,893) 5,891,893 (644,893) 9,031,893 (Increase)/decrease in restricted cash (58,708) 113,185 - - Income distributions paid (9,975,968) (13,165,867) (9,975,968) (13,165,867) Islamic financing costs paid (24,546,741) (26,992,357) (24,546,741) (26,992,357) Transaction cost paid (897,860) (3,928,296) (897,859) (3,928,296) Increase in amount due to a subsidiary - - 959,835 4,142,774 Net drawdown in Islamic financing 1,000,000 7,215,000 1,000,000 - Net cash used in financing activities (35,184,170) (30,866,442) (34,105,626) (30,911,853) Net increase/(decrease) in cash and cash equivalents 1,081,603 (4,175,042) 1,081,603 (4,175,042) Cash and cash equivalents at beginning of year 27,222,763 31,397,805 27,222,763 31,397,805 Cash and cash equivalents at end of year (Note 14) 28,304,366 27,222,763 28,304,366 27,222,763
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