GHL System Berhad Annual Report 2018

G H L S y s t e m S B e r h a d ( 2 9 3 0 4 0 - D ) 78 STAT EMENTS OF CASH F LOWS f o r t h e f i n a n c i a l y e a r e n d e d 3 1 D e c e m b e r 2 0 1 8 C O N T ’ D Group Company 2018 2017 2018 2017 Note RM RM RM RM CASH FLOWS FROM OPERATING ACTIVITIES (cont’d) Cash generated from/(used in) operations 11,239,698 64,419,790 (4,099,941) 2,457,296 Dividends received - - 12,000,000 2,800,000 Interest received 2,678,902 899,936 1,245,402 124,944 Interest paid (1,716,778) (1,710,205) (45,389) (118,529) Tax paid (9,756,984) (7,339,821) (705,824) (565,023) Tax refunded 25,577 101,961 - 60,932 Net cash from operating activities 2,470,415 56,371,661 8,394,248 4,759,620 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of: - property, plant and equipment 12(c) (22,570,447) (28,802,266) (5,591,713) (613,681) - intangible assets 13 (21,230) (27,991) (21,230) (27,991) Acquisition of subsidiaries for cash, net of cash acquire 15(g) (34,395,404) - - - Proceeds from disposal of property, plant and equipment 2,914,096 2,611,512 1,919 266,038 Acquisitions of: - additional interests in subsidiaries 15 - - (5,100,000) (2,400,006) - additional interests in joint ventures 16(b) - (49,000) - - - additional interests in other investment 18 (2,117,588) - (2,117,588) - Placement in deposits pledged and maturity more than 3 months (4,465,074) (577,811) - - Withdrawal of investment 17 8,000,000 - - - Equity loan to a subsidiary 15 - - (61,042,181) - (Advances to)/Repayment from subsidiaries - - (4,746,657) 4,731,824 Net cash (used in)/from investing activities (52,655,647) (26,845,556) (78,617,450) 1,956,184