Serba Dinamik Annual Report 2021

Registration No: 201501042584 (1167905-P) Serba Dinamik Holdings Berhad (Incorporated in Malaysia) The accompanying notes form an integral part of these financial statements. 19 Statements of Cash Flows for the period ended 30 June 2021 (continued) Group Company Note Financial period from 1.1.2020 to 30.6.2021 Financial year from 1.1.2019 to 31.12.2019 Financial period from 1.1.2020 to 30.6.2021 Financial year from 1.1.2019 to 31.12.2019 RM’000 RM’000 RM’000 RM’000 Changes in working capital: Inventories (331,967) (75,875) - - Trade and other receivables (1,231,673) (290,231) (5,343) - Trade and other payables 86,306 39,594 (5,428) (7,084) Contract assets (334,649) (262,183) - - Contract liabilities 95,722 17,176 - - Cash (used in)/ generated from operations (169,889) 273,419 324,694 243,121 Interest or profit paid (2,834) (963) (106) (5,317) Tax paid (65,495) (51,465) (9,236) (4,836) Net cash (used in)/ generated from operating activities (238,218) 220,991 315,352 232,968 Cash flows from investing activities Acquisition of property, plant and equipment 6 (968,323) (790,263) - - Acquisition of right-of-use assets 7 (378,842) - - - Acquisition of shares in associates 9 (21,565) (45,340) - - Acquisition of subsidiaries, net of cash and cash equivalents 38(a) (14,387) (52,454) - - Proceeds from issuance of new shares to non- controlling interests 14,711 1,646 - - Proceeds from disposal of a subsidiary 8 1,506 - - - Proceeds from disposal of an associates 9 166,949 - - - Interest or profit received 36,387 18,575 4,973 4,175 Decrease in fixed deposits pledged to banks (18,841) 78,733 - - Increase in other investments (197,696) (26,454) - - Dividends received from equity accounted associate 1,000 10,626 - - Advances to an associate (39,993) (25,591) (5,530) - Advances to subsidiaries - - (1,252,258) (275,838) Net cash used in investing activities (1,419,094) (830,522) (1,252,815) (271,663)