Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad STATEMENTS OF CASH FLOWS For the financial year ended 31 December 2019 (cont’d) 79 2019 2018 2019 2018 Operating activities (cont'd) RM RM RM RM Fair value loss on other investments - 211,937 - - Operating cash flows before changes in working capital 155,570,170 127,054,185 24,389,348 18,310,725 Property development costs (23,144,306) (72,421,164) - - Inventories 42,005,270 (48,353,745) - - Receivables (23,582,073) (56,429,073) - 11,014,318 Other current assets (51,614,657) (102,198,314) - - Payables (30,296,886) 72,901,160 96,320 (127,669) Other current liabilities (18,777,515) (27,430,823) - - Cash flows generated from/ (used in) operations 50,160,003 (106,877,774) 24,485,668 29,197,374 Interest received 1,457,740 1,451,250 - - Income taxes paid (21,089,279) (21,514,310) (371,569) (495,056) Interest paid (19,981,300) (10,576,975) - - Net cash flows generated from/(used in) operating activities 10,547,164 (137,517,809) 24,114,099 28,702,318 Investing activities Purchase of property, plant and equipment (11,767,365) (21,749,361) - - Additions to land held for development (85,882,760) (678,000) - - Proceeds from disposal of property, plant and equipment 1,611,226 334,772 - - Additions to investment properties (7,456) - - - Proceeds from disposal of other investments - 64,637 - - Proceeds from disposal of investment properties 2,885,000 883,800 - - Proceeds from disposal of property held for sale 1,300,000 - - - Subscription of shares in subsidiaries - - (38,500,000) (26,500,000) Net cash flows used in investing activities (91,861,355) (21,144,152) (38,500,000) (26,500,000) Group Company