STATEMENT OF CASH FLOWS - COMPANY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 2022 2021 RM’000 RM’000 Cash flows from operating activities Loss before tax (31,738) (41,369) Adjustments for: Depreciation of property, plant and equipment 329 376 Depreciation of right-of-use assets 399 667 Finance income (141,493) (121,289) Finance costs 160,427 164,752 Right-of-use assets written off – 173 Gain on lease termination (14) – Loss on disposal of investments in subsidiaries, net – 3,082 Dividend income received (3,121) (21,754) Operating loss before working capital changes (15,211) (15,362) Changes in working capital: Trade and other receivables (27,101) (200,293) Trade and other payables 68,335 (178,337) Cash generated from/(used in) operations 26,023 (393,992) Finance costs paid (147,719) (97,436) Net tax paid (62) (549) Net cash used in operating activities (121,758) (491,977) Cash flows from investing activities Purchase of property, plant and equipment (26) (71) Dividend income 3,121 21,754 Finance income received 141,493 121,289 Subscription of additional shares in subsidiaries, net of expenses (4,900) (54,127) Net cash generated from investing activities 139,688 88,845 Cash flows from financing activities Drawdown from borrowings 2,300 70,000 Repayment of borrowings (71,750) (211,227) Advances from a shareholder 115,151 – Perpetual bond distribution paid (39,935) (17,455) Proceeds from issuance of perpetual bond 130,000 270,000 Proceeds from issuance of Islamic Medium Term Notes – 293,000 Proceeds from issuance of ordinary shares – 1,846 (Placement)/uplift of debt service reserve, escrow accounts and deposits with licensed banks not available for use (152,742) 11,544 Purchase of treasury shares (2,337) (19,221) Repayment of principal portion of lease liabilities (435) (840) Net cash (used in)/generated from financing activities (19,748) 397,647 Net decrease in cash and cash equivalents (1,818) (5,485) Cash and cash equivalents at beginning of financial year (17,509) (12,024) Cash and cash equivalents at end of financial year (Note 26) (19,327) (17,509) The accompanying accounting policies and explanatory information form an integral part of the financial statements. 167 FINANCIAL STATEMENTS & OTHER INFORMATION
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