KUB Malaysia Berhad Annual Report 2021

Group Company 1.1.2020 to 1.1.2019 to 1.1.2020 to 1.1.2019 to 30.6.2021 31.12.2019 30.6.2021 31.12.2019 (18 months) (12 months) (18 months) (12 months) RM’000 RM’000 RM’000 RM’000 Changes in working capital: Inventories 488 1,500 - - Trade and other receivables (10,169) 45 1,229 (1,106) Trade and other payables 11,601 (1,804) (7,402) 70 Contract assets (4,655) 1,819 - - Contract liabilities (364) 743 - - Cash Generated From/(Used In) Operations 52,131 15,777 (6,049) (8,060) Finance cost from lease liabilities (214) (167) (17) - Zakat paid (90) (588) - - Net tax paid (9,358) (2,298) - - Net Cash Generated From/(Used In) Operating Activities 42,469 12,724 (6,066) (8,060) CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES Acquisition of property, plant and equipment (Note 15) (19,555) (19,334) (2,309) (84) Redemption of short-term investment - 21,108 - - Advance to subsidiaries - investment - - (9,954) (54) - due from subsidiaries - - - (14,931) Repayment of advances from subsidiaries - - 42,773 15,125 Repayment of amount due from subsidiaries - - 12,789 361 Repayment of amount due to subsidiaries - - - (9,349) Dividends received 176 281 126,246 12,781 Interest received 5,713 3,199 3,746 1,610 Proceeds from disposal of property, plant and equipment 598 2,146 17 27 Net proceeds from disposal of investment properties 12,625 - - - Proceeds from disposal of assets classified as held for sale 143,112 76,745 2,809 33,858 Net proceeds from disposal of a subsidiary (Note 18(d)(iii)) 6,908 - 10,549 - Proceed from partial disposal of equity in a subsidiary to non-controlling interest 7,200 - - - Proceeds from disposal of an associate 80,000 - 80,000 - Net Cash From Investing Activities 236,777 84,145 266,666 39,344 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL PERIOD FROM 1 JANUARY 2020 TO 30 JUNE 2021 (With comparative figures for the year from 1 January 2019 to 31 December 2019) 60 KUB MALAYSIA BERHAD