GHL System Berhad Annual Report 2017

GHL SYSTEMS BERHAD 74 Group Company 2017 2016 2017 2016 Note RM RM RM RM CASH FLOWS FROM OPERATING ACTIVITIES (cont’d) Cash generated from operations 64,419,790 39,811,093 2,457,296 2,446,084 Dividends received - - 2,800,000 8,500,000 Interest received 899,936 359,800 124,944 76,950 Interest paid (1,710,205) (1,771,247) (118,529) (72,874) Tax paid (7,339,821) (6,591,040) (565,023) (69,108) Tax refunded 101,961 233,204 60,932 216,750 Net cash from operating activities 56,371,661 32,041,810 4,759,620 11,097,802 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of: - property, plant and equipment 11 (28,802,266) (3,198,708) (613,681) (586,893) - intangible assets 12 (27,991) (64,996) (27,991) (64,996) Proceeds from disposal of property, plant and equipment 2,611,512 760,355 266,038 56,882 Acquisitions of: - additional interests in subsidiaries 14 - - (2,400,006) (5,000,000) - additional interests in joint ventures 15 (49,000) (147,000) - - Placement in deposits pledged (577,811) (177,498) - - Repayment from subsidiaries - - 4,731,824 761,043 Net cash (used in)/from investing activities (26,845,556) (2,827,847) 1,956,184 (4,833,964) STATEMENTS OF CASH FLOWS for the financial year ended 31 December 2017 CONT’D