Page 285 - MSM_AIR2021

SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 283

STATEMENTS OF CASH FLOWS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

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 (176,983) 24,572 - -
Receivables (88,355) 51,976 (212) 711
Payables 151,132 35,563 2,833 910
Intercompany (8,714) 5,029 (9,487) (6,271)
Changes in working capital from continuing operations (122,920) 117,140 (6,866) (4,650)
Changes in working capital from discontinued operation 16(iii) (3,533) (12,481) - -
Cash generated from/(used in) operations 95,153 276,902 (13,490) (8,109)
Zakat paid (1,000) (1,486) - -
Tax paid (36,525) (32,930) (3,367) (4,175)
Tax refunded 5,986 - - -
Net cash generated from/(used in) operating activities 63,614 242,486 (16,857) (12,284)

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment 36 (41,768) (22,271) (968) (378)
Purchase of intangible assets (1,763) (596) (326) (561)
Proceeds from disposal of property,
plant and equipment 902 25 197 -
Proceeds from disposal of asset held for sale - 1,148 - -
Investment in subsidiary - - (122,000) -
Interest received 2,587 3,835 928 633
Dividend received - - 186,000 75,000
Loans to subsidiaries - - - (3,627)
Repayment of loan by subsidiaries - - - 98,112
Proceeds from disposal of a subsidiary 181,106 - 181,106 -
Proceeds from lease receivables - - 2,167 2,167
Investing cash generated from/ (used in)
continuing operations 141,064 (17,859) 247,104 171,346
Investing cash used in discontinued operation 16(iii) 1,815 619 - -
Net cash generated from/(used in) investing activities 142,879 (17,240) 247,104 171,346