My EG Services Berhad Annual Report 2022

Group Company 2022 2021 2022 2021 Note RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities (cont’d) Operating profit/(loss) before working capital changes brought forward 416,899 371,357 (1,679) 51,336 Share of results of associates - 765 - - Share of results of joint ventures (124) 692 - - Unrealised (gain)/loss on foreign exchange (3) 43 - (15) Interest expenses 9,294 6,786 6,539 5,581 Interest income (312) (2,958) (10,626) (8,986) Operating profit/(loss) before working capital changes 425,754 376,685 (5,766) 47,916 Changes in working capital: Inventories D (5,814) (14,987) - - Receivables (114,949) (309,895) 7,291 (40,747) Payables 10,352 69,832 2,390 10,879 Contract liabilities (105) 292 - - Cash generated from operations 315,238 121,927 3,915 18,048 Tax paid (5,830) (1,758) (1,434) (104) Tax refunded 1,802 69 - - Net cash from operating activities 311,210 120,238 2,481 17,944 Cash flows (for)/from investing activities Acquisition of: - other investments - (38,493) - - - a subsidiary - - - (500) - associates - (4,088) - - - a joint venture - (3,826) - (3,826) Additions of right-of-use assets A (8,426) (4,806) - - Net cash outflow from acquisition of subsidiaries 8 - (1,142) - - Purchase of property and equipment (66,315) (36,840) (1,883) (13,190) Subscription of shares in a subsidiary by NCI - 20 - - Development costs incurred (467,216) (243,388) (42,542) (51,505) Interest received 312 2,958 10,626 8,986 Dividends received 1,440 140 125,000 1,000 Proceeds from disposal of associates 18,946 - - - Proceeds from disposal of equipment C 657 268 - 29 Acquisition of digital assets (41) - - - Net cash (used in)/from investing activities (520,643) (329,197) 91,201 (59,006) STATEMENTS OF CASH FLOWS For the Financial Year Ended 31 December 2022 (cont’d) 156

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