Wah Seong Corporation Berhad Annual Report 2021 103 Group Company Note 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) Changes in working capital: Inventories 15,638 62,878 - - Receivables (2,801) 32,437 2,421 3,731 Payables 168,245 (10,911) (5,449) 254 Cash generated from/(used in) operations 268,943 160,244 (14,456) (5,025) Interest received 3,507 4,246 910 8,884 Interest paid (34,453) (43,391) (4,470) (6,081) Tax paid (17,880) (15,120) (1,067) (1,602) Net cash generated from/(used in) operating activities 220,117 105,979 (19,083) (3,824) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (96,108) (52,829) (20) (125) Purchase of intangible asset (59) - - - Purchase of investment properties (44) (117) - - Proceeds from disposal of: - property, plant and equipment 1,952 75,051 21 - - investment properties - 14,105* - - - investment in equity instruments 3 - - - - assets held for sales 45,061 - - - Transfer to deposits and short term investment 185 (712) (11) (19) Dividends received from: - subsidiaries - - 22,766 27,414 - a joint venture 360 6,692 - - - an associate 3,605 1,731 - - Advances to subsidiaries - - (54,982) (11,475) Repayments from subsidiaries - - 58,017 18,038 Additional investment in an associate (13,500) (1,500) - - Additional investment in an joint venture (29) - - - Net advances to joint ventures - (921) - - Net (advances to)/repayment from associates (1,586) 1,700 - - Net cash inflow from disposal of subsidiaries 37 - 22,914 - - Net cash (used in)/generated from investing activities (60,160) 66,114 25,791 33,833 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
RkJQdWJsaXNoZXIy NDgzMzc=