2019 UEM Edgenta Annual Report

150 151 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION UEM Edgenta Berhad Annual Report 2019 Statements of Changes in Equity For the year ended 31 December 2019 Share capital (Note 33) RM’000 Capital reserve (Note 34) RM’000 Other merger reserves (Note 34) RM’000 Retained earnings (Note 36) RM’000 Total equity RM’000 Company At 1 January 2019 268,074 788,375 482,035 91,778 1,630,262 Total comprehensive income - - - 103,360 103,360 Transaction with owners Dividends (Note 12) - - - (116,427) (116,427) At 31 December 2019 268,074 788,375 482,035 78,711 1,617,195 Company At 1 January 2018 268,074 788,375 482,035 296,000 1,834,484 Total comprehensive income - - - 36,949 36,949 Transaction with owners Dividends (Note 12) - - - (241,171) (241,171) At 31 December 2018 268,074 788,375 482,035 91,778 1,630,262 The accompanying accounting policies and explanatory information form an integral part of the financial statements. Statements of Cash Flows For the year ended 31 December 2019 Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Cash flows from operating activities Cash receipts from customers 2,614,226 2,302,313 96,951 38,944 Cash payments to suppliers (1,231,383) (1,085,664) - - Cash payments to employees and for expenses (1,073,013) (938,216) (77,114) (92,284) Cash generated from/(used in) operations 309,830 278,433 19,837 (53,340) Interest paid (25,787) (26,249) (15,266) (14,314) Taxes (paid)/refund (53,068) (46,145) 534 - Net cash flows generated from/(used in) operating activities 230,975 206,039 5,105 (67,654) Cash flows from investing activities Proceeds from disposal of property, plant and equipment 331 5,406 - 5,250 Proceeds from disposal of a subsidiary, net of cash disposed (Note 17(e)) 1,165 - - - Payment of deferred consideration (461) - (461) - Placement of short term investments (110,000) (100,000) - - Proceeds from withdrawal of short term investments 155,979 180,048 - 1,793 Interest received 6,430 9,633 847 - Dividends received from associates 5,786 6,400 - - Dividends received from subsidiaries - - 143,260 149,037 Purchase of property, plant and equipment (68,435) (50,163) (3,684) (722) Purchase of intangible assets (17,878) (9,961) (15,805) (4,023) Repayment from a subsidiary - - 10,000 101,612 Net cash flows (used in)/generated from investing activities (27,083) 41,363 134,157 252,947