Registration No. 200301030845 (633265-K) - 25 - DESTINI BERHAD (Incorporated in Malaysia) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 (CONT’D) 2022 2021 2022 2021 Note RM RM RM RM Changes in working capital: Inventories (1,211,606) 465,118 - - Contract assets/liabilities 76,350,540 38,996,166 - - Receivables 15,192,342 (7,810,181) (5,814,215) (11,755,529) Subsidiary company - - 23,862,083 (11,169,368) Payables (19,083,760) (50,258,561) 1,953,047 753,087 Joint venture 500,000 - - - Associate (7,605) - - - 71,739,911 (18,607,458) 20,000,915 (22,171,810) Cash generated from/(used in) operations 74,127,000 (8,253,922) 8,157,782 (30,706,008) Tax refunded 260,557 - - - Tax paid (3,929,698) (2,679,991) (663,400) - (3,669,141) (2,679,991) (663,400) - Net cash from/(used in) operating activities 70,457,859 (10,933,913) 7,494,382 (30,706,008) Cash Flows From Investing Activities Interest received 167,111 436,947 - 29,343 Purchase of property, plant and equipment 4 (2,327,181) (2,169,239) (8,751) (56,818) Purchase of right-of-use assets (8,026) (58,273) - - Proceeds from disposal of: - property, plant and equipment 23,728 107,000 5,001 - - investment in securities - 4,525,920 - 4,525,920 - subsidiaries - 4,249,879 1 - - joint venture 2,975,000 - - - Investment in securities - (1,875,900) - (1,875,900) Net changes in deposits pledged to licensed banks 1,790,570 (1,640,358) - - Addition to intangible assets 10 - (100,000) - - Net cash from/(used in) investing activities 2,621,202 3,475,976 (3,749) 2,622,545 Group Company 103 ANNUAL REPORT 2022 DESTINI BERHAD
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