Yinson Annual Report 2019

117 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting Group Company 2019 2018 2019 2018 Note RM’000 RM’000 RM’000 RM’000 Operating cash flows before working capital changes - brought forward 802,146 725,039 7,573 41,310 Inventories (5,548) 629 – – Receivables 122,766 (306,302) (153,364) (4,105) Other current assets (104,166) (90,663) – – Payables (106,838) 337,969 1,634 9,486 Cash flows from operations 708,360 666,672 (144,157) 46,691 Interest received 17,817 4,905 47,500 9,378 Finance costs paid (142,386) (118,297) (49,189) (26,697) Taxes paid (53,963) (56,094) (436) (255) Net cash flows generated from/(used in) operating activities 529,828 497,186 (146,282) 29,117 Cash flows from investing activities Dividends received from joint ventures 20(i) & 20(ii) 59,631 20,046 59,631 45,824 Dividends received from subsidiaries – – 295,071 – Proceeds from capital reduction of a joint venture 20(ii) 80,919 – 80,919 – Advances to subsidiaries – – (172,582) (37,709) Repayment from joint ventures – – 4,157 53,039 Investment in subsidiaries 834 (34,191) – (469) Investment in joint ventures – (36,600) – – Investment in associates – (113) – – Proceeds from disposal of property, plant and equipment 649 161 220 150 Proceeds from disposal of other investments 30,492 11,236 – – Proceeds from disposal of shareholdings in a subsidiary 47 415,786 – – – Purchase of other investments (20,000) (66,169) – – Purchase of intangible assets 18 (382,587) (2,644) (151) (492) Purchase of property, plant and equipment 16(a) (789,066) (443,489) (180) (4,168) (Placement)/withdrawal of fixed deposits pledged as security (131,047) (239,509) (131) 253 Placement of short term investment (10) (11) (10) (11) Net cash flows (used in)/generated from investing activities (734,399) (791,283) 266,944 56,417