ENRA Group Berhad Annual Report 2021

FINANCIAL STATEMENTS & OTHERS Annual Report 2021 | ENRA Group Berhad 105 Group Company 2021 2020 2021 2020 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (Cont’d) Increase in contract assets 14 (3,649) – – – (Increase)/Decrease in inventories (16,902) 36,359 – 3,056 Decrease/(Increase) in trade and other receivables 61,475 (41,005) 4,448 (2,838) (Decrease)/Increase in trade and other payables (153) 25,962 (726) (317) Cash generated from/(used in) operations 55,609 56,771 (1,808) (6,586) Tax paid (1,583) (4,178) – (109) Tax refunded – 442 – 348 Net cash from/(used in) operating activities 54,026 53,035 (1,808) (6,347) CASH FLOWS FROM INVESTING ACTIVITIES Interest received 292 1,175 3,289 2,703 Uplift/(Placement) of fixed deposits pledged 6,594 (3,710) – (2,100) Proceeds from disposal of property, plant and equipment 153 167 2 – Proceeds from disposal of associate 130 – – – Acquisition of: - right-of-use assets – (324) – – - subsidiaries, net of cash (54) (98) – – - property, plant and equipment 4(d) (19,257) (34,919) (77) (22) Contingent consideration paid 21(d) (1,896) (1,094) – – Advances (to)/from subsidiaries – – (20,547) 6,818 Net cash (used in)/from investing activities (14,038) (38,803) (17,333) 7,399 The accompanying notes form an integral part of the financial statements. STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021