63 www.excelforce.com.my Group Company 1.7.2023 to 30.6.2024 1.1.2022 to 30.6.2023 1.7.2023 to 30.6.2024 1.1.2022 to 30.6.2023 Note RM RM RM RM Cash flows from operating activities (cont’d) Operating profit before working capital changes (cont’d) 13,961,042 21,991,124 2,792,223 21,490,736 Changes in working capital: Digital assets (25,972,529) - (25,972,529) - Receivables (1,484,524) 139,538 (1,171,759) 273,171 Payables 578,661 (1,442,027) 301,207 (1,323,689) Contract liabilities (312,888) 1,067,033 (1,112,929) 992,520 Cash (used in)/generated from operations (13,230,238) 21,755,668 (25,163,787) 21,432,738 Dividend received 88,000 - - 570,000 Tax paid (1,599,181) (5,052,792) (618,665) (4,705,798) Net cash (used in)/from operating activities (14,741,419) 16,702,876 (25,782,452) 17,296,940 Cash flows from investing activities Additions of product development costs (4,752,577) (7,281,466) (1,116,652) (6,176,304) Acquisition of: - property, plant and equipment 3(a) (234,442) (2,231,832) (12,317) (2,214,980) - a subsidiary company 7(d) (1,232,491) (15,525) (1,232,500) (30,000) - non-controlling interests 7(e) - (1) - (1) - an associate 8 - (300,000) - (300,000) - other investments (90,780) (1,962,300) (90,780) (1,962,300) Interest income from: - deposits with licensed banks 160,262 107,361 87,395 80,244 - short-term funds 54,419 118,313 54,419 118,313 Proceeds from disposal of: - property, plant and equipment 115,000 44,400 - 59,619 - quoted investment 10,419,870 - 10,419,870 - Net cash from/(used in) investing activities 4,439,261 (11,521,050) 8,109,435 (10,425,409) Statements of Cash Flows (cont’d)
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