Kimlun Corporation Berhad Annual Report 2020

STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 200901023978 (867077-X) Statements of cash flows (cont'd) For the financial year ended 31 December 2020 2020 2019 2020 2019 Operating activities (cont'd) RM RM RM RM Operating cash flows before changes in working capital 86,941,727 155,570,170 17,223,708 24,389,348 Property development costs (2,830,339) (23,144,306) - - Inventories 8,555,131 42,005,270 - - Receivables 33,229,068 (23,582,073) - - Other current assets 10,010,302 (51,614,657) - - Payables (61,682,090) (30,296,886) 98,316 96,320 Other current liabilities (11,679,816) (18,777,515) - - Cash flows generated from operations 62,543,983 50,160,003 17,322,024 24,485,668 Interest received 958,180 1,457,740 - - Income taxes paid (16,015,461) (21,089,279) (276,123) (371,569) Interest paid (19,316,065) (19,981,300) - - Net cash flows generated from operating activities 28,170,637 10,547,164 17,045,901 24,114,099 Investing activities Purchase of property, plant and equipment (5,812,659) (11,767,365) - - Additions to land held for development (15,034,563) (85,882,760) - - Prepayment on land (10,000) - - - Proceeds from disposal of property, plant and equipment 4,069,142 1,611,226 - - Incidental expenses on disposal of investment properties (23,117) - - - Addition of investment properties - (7,456) - - Proceeds from disposal of investment properties 3,274,900 2,885,000 - - Proceeds from disposal of property held for sale 330,000 1,300,000 - - Net outflow on acquisition of a subsidiary (3,807,986) - - - Subscription of shares in subsidiaries - - (21,317,000) (38,500,000) Net cash flows used in investing activities (17,014,283) (91,861,355) (21,317,000) (38,500,000) Group Company - 24 - Kimlun Corporation Berhad Registration No. 200901023978 (867077-X) 081