MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) 158 The Group The Company 2021 2020 2021 2020 Note RM’000 RM’000 RM’000 RM’000 (Restated) Operating profit/(loss) before working capital changes brought forward 376,885 314,091 47,915 (12,131) Increase in inventories (15,187) (235) - - (Increase)/Decrease in financing receivables (89,931) 88,798 - - Increase in trade and other receivables (219,964) (63,703) (40,747) (24,224) Increase in trust account balances - # - - Increase/(Decrease) in trade and other payables 69,832 (33,478) 10,879 (5,664) Increase in amount owing by subsidiaries - - (25,613) (190,592) (Increase)/Decrease in amount owing by joint ventures (1,996) (419) - 95 Increase in amount owing by associates (32) (161) - (195) Increase in deferred revenue 292 93 - - CASH FROM/(FOR) OPERATIONS 119,899 304,986 (7,566) (232,711) Income tax paid (1,689) (2,568) (104) (164) NET CASH FROM/(FOR) OPERATING ACTIVITIES 118,210 302,418 (7,670) (232,875) CASH FLOWS (FOR)/FROM INVESTING ACTIVITIES Advances to subsidiaries - - (50,700) (63,461) Additions of right-of-use assets 42(a) (4,806) (39) - - Dividend received 140 - 1,000 300,000 Development costs incurred (243,388) (175,460) (51,505) (94,710) Interest income received 2,958 493 8,986 63 Increase in pledged deposits with licensed banks (714) (388) (342) - Proceeds from disposal of equipment 268 562 29 - Proceeds from disposal of right-of-use assets - 168 - - Purchase of property and equipment (36,840) (7,472) (13,190) (620) Purchase of: - other investments (38,493) (103,400) - - - a subsidiary - - (500) (1,000) - associates (4,088) (33) - - - a joint venture (3,826) (2,064) (3,826) (2,064) Subscription of shares in a subsidiary by non-controlling interest 20 - - - Net cash outflow from acquisition of subsidiaries 40 (1,142) - - - NET CASH (FOR)/FROM INVESTING ACTIVITIES (329,911) (287,633) (110,048) 138,208 # - represents an amount less than RM1,000 STATEMENTS OF CASH FLOWS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʤ (CONT’D) The annexed notes form an integral part of these financial statements.
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