Group Company 2023 2022 2023 2022 Note RM RM RM RM CASH FLOWS FROM OPERATING ACTIVITIES (Cont’d) Operating profit/(loss) before changes in working capital 51,239,936 50,218,606 968,887 (3,798,811) Decrease/(Increase) in inventories 39,206,400 (3,095,152) - - (Increase)/Decrease in trade and other receivables (65,976,753) (120,770,819) (2,476,421) 192,174 Increase/(Decrease) in trade and other payables 22,318,383 45,496,270 (239,337) 1,048,109 Advance receipts for contract liabilities 28(b) 12,428,528 16,924,865 1,149,347 1,565,104 Increase in employee benefits obligations 284,198 720,423 - - Cash generated from/(used in) operations 59,500,692 (10,505,807) (597,524) (993,424) Dividends received - - 24,000,000 33,000,000 Interest received 1,650,333 2,181,126 267,312 1,217,328 Interest paid (1,695,416) (1,152,882) (979,554) (536,070) Tax paid (16,236,173) (10,251,320) (509,346) (16,752) Tax refunded 867,044 1,400,006 81,746 - Net cash from/(used in) operating activities 44,086,480 (18,328,877) 22,262,634 32,671,082 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property, plant and equipment 12(b) (53,484,692) (42,284,818) (312,983) (1,256,863) Purchases of intangible asset 14 (368,632) - - - Proceeds from disposals of: - property, plant and equipment 8,265,215 965,612 382 1,042 - investment in associate 17(d) - 1,500,000 - - Increase investment in subsidiaries via equity loans, net - - (5,836,000) - Withdrawal/(Placement) in deposits pledged or maturity more than 3 months 4,965,960 1,172,246 (49,265) (33,080) Advances to subsidiaries - - (32,470,944) (52,930,769) Net cash used in investing activities (40,622,149) (38,646,960) (38,668,810) (54,219,670) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 CONT’D 88 GHL SYSTEMS BERHAD 199401007361 (293040-D)
RkJQdWJsaXNoZXIy NDgzMzc=