Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 275 STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Cash flows from operating activities Cash receipts from customers 2,958,456 2,689,352 14,350 77,297 Cash payments to suppliers (1,464,545) (1,178,018) - - Cash payments to employees and for expenses (1,484,117) (1,362,648) (25,827) (69,304) Cash generated from/(used in) operations 9,794 148,686 (11,477) 7,993 Interest paid (22,158) (19,221) (14,386) (13,853) Net taxes and zakat paid (45,385) (25,147) (255) - Net cash flows (used in)/generated from operating activities (57,749) 104,318 (26,118) (5,860) Cash flows from investing activities Proceeds from disposal of an associate - 38,174 - - Net cash inflows from the acquisition of a subsidiary 394 - - - Acquisition of shares in a joint venture - (122) - - Proceeds from disposal of property, plant and equipment 87 50 - - Subscription of additional shares in subsidiary companies - - (760) (713) Placement of short term investments - (67,938) - - Proceeds from withdrawal of short term investments 71,930 - - - Interest received 7,328 3,923 880 96 Dividends received from associates 9,080 4,800 - - Dividends received from subsidiaries - - 36,506 53,258 Purchase of property, plant and equipment (41,279) (21,814) (602) (623) Purchase of intangible assets (Note (b)) (4,886) (2,310) - (926) Advances to subsidiaries - - (57,579) (1,378) Net cash flows generated from/(used in) investing activities 42,654 (45,237) (21,555) 49,714
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