MISC Integrated Annual Report 2020

Group Note 2020 2019 RM’000 RM’000 CASH FLOWS FROM INVESTING ACTIVITIES Net cash used in investing activities 31 (4,318,022) (1,533,025) CASH FLOWS FROM FINANCING ACTIVITIES Net cash used in financing activities 32 (1,388,707) (3,772,691) Net (decrease)/increase in cash and cash equivalents (118,824) 273,341 Cash and cash equivalents at beginning of financial year 5,740,435 5,534,849 Currency translation differences (76,522) (67,755) Cash and cash equivalents at end of financial year 5,545,089 5,740,435 Cash and cash equivalents comprise: Cash, deposits and bank balances 24 6,855,005 7,030,814 Less: Cash pledged with bank - restricted (1,303,393) (1,289,730) Deposits with maturity more than 90 days (6,523) (649) Cash and cash equivalents 5,545,089 5,740,435 Total cash outflows for leases - Lease liabilities 316,302 447,834 - Short term leases and leases of low-value assets 219,628 295,762 535,930 743,596 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. For the year ended 31 December 2020 For the year ended 31 December 2020 STATEMENTS OF CASH FLOWS STATEMENTS OF CASH FLOWS Corporation 2020 2019 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation 1,918,550 1,865,910 Adjustments for: Ships, other property and equipment and right-of-use assets: - Depreciation 366,673 365,692 - Written off 95 525 - Impairment loss 10,444 8,582 Amortisation of prepaid lease payments 100 124 Writeback of impairment loss on: - Trade and other receivables (136) – - Finance lease receivables (814) (369) Impairment loss on: - Trade and other receivables 13,915 22,019 Bad debts written off – 524 Impairment loss on investment in subsidiaries 26,627 92,825 Net unrealised foreign exchange gain (4,748) (3,432) Dividend income from equity investments (1,604,782) (1,492,990) Gain on acquisition of a business – (23,731) Fair value movement in other investments 6,953 5,175 Finance income (121,459) (195,140) Finance costs 30,824 129,416 Gain from liquidation of a subsidiary – (151,869) Operating profit before working capital changes 642,242 623,261 Trade and other receivables (1,844,293) 1,112,584 Trade and other payables 39,495 (90,830) Cash (used in)/generated from operations (1,162,556) 1,645,015 Net tax paid (6,214) – Net cash (used in)/generated from operating activities (1,168,770) 1,645,015 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 10 328 10 329 /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// Section Section MISC Berhad / Integrated Annual Report 2020 MISC Berhad / Integrated Annual Report 2020