Registration No. 200301030845 (633265-K) - 26 - The accompanying notes form an integral part of the financial statements. 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 Cash Flows From Financing Activities Interest paid (1,711,768) (5,267,532) (1,140,389) (915,648) Net changes in term loans (86,302,652) (1,413,930) (4,445,823) (1,307,666) Payment of lease liabilities (1,572,765) (4,553,032) - - Proceeds from private placement 20 - 25,853,735 - 25,853,735 Net cash (used in)/ from financing activities (89,587,185) 14,619,241 (5,586,212) 23,630,421 Net (decrease)/increase in cash and cash equivalents (16,508,124) 7,161,304 1,904,421 (4,453,042) Effect of exchange translation difference (3,733,354) 2,445,290 - - Cash and cash equivalents at the beginning of the financial year 30,363,928 20,757,334 3,189,905 7,642,947 Cash and cash equivalents at the end of the financial year 10,122,450 30,363,928 5,094,326 3,189,905 Cash and cash equivalents at the end of the financial year comprise: Cash and bank balances 10,787,668 29,832,222 5,094,326 1,189,905 Fixed deposits with licensed banks 16,787,513 20,578,083 - 2,000,000 Bank overdrafts 25 (665,218) (1,468,294) - - 26,909,963 48,942,011 5,094,326 3,189,905 Less: Fixed deposits pledged for credit facilities (16,787,513) (18,578,083) - - 10,122,450 30,363,928 5,094,326 3,189,905 Group Company Statements of Cash Flow 104 DESTINI BERHAD ANNUAL REPORT 2022
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