Page 142 - MSM_AR2020

CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT

STATEMENTS OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

Group Company
Note 2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
CASH FLOWS FROM OPERATING ACTIVITIES
(CONTINUED)
Non-Cash item from discontinuing operations
(Note 16(iii)) 73,503 3,513 - -

Operating profit/(loss) before changes in working capital 172,178 58,363 (3,459) (4,287)
140 Changes in working capital:
Inventories 24,637 308,693 - -
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
Receivables 51,976 18,401 711 256
Payables 35,563 (138,811) 910 (655)
Intercompany 5,029 41,944 (6,271) 20,241

Changes in working capital from continuing operations 117,205 230,227 (4,650) 19,842
Changes in working capital from discontinuing operation
(Note 16(iii)) (12,481) 10,407 - -
Cash generated from/(used in) operations 276,902 298,997 (8,109) 15,555

Zakat paid (1,486) (14) - -
Tax paid (32,930) (25,339) (4,175) (1,965)
Tax refunded - 31,920 - 5,922
Net cash generated from/(used in) operating activities 242,486 305,564 (12,284) 19,512

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment 36 (22,271) (25,409) (378) (379)
Purchase of intangible assets (596) (586) (561) (571)
Proceeds from disposal of property, plant and equipment 25 - - -
Proceeds from disposal of asset held for sale 1,148 - - -
Interest received 3,835 4,032 633 5,589
Dividend received - - 75,000 43,718
Loans to subsidiaries - - (3,627) (73,110)
Repayment of loan by subsidiaries - - 98,112 108,463
Proceeds from lease receivables - - 2,167 1,796
Investing cash (used in)/generated from
continuing operations (17,859) (21,963) 171,346 85,506
Investing cash used in discontinuing operation 16(iii) 619 (1,462) - -

Net cash (used in)/generated from investing activities (17,240) (23,425) 171,346 85,506