22 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Group Company Note 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) Changes in working capital: Inventories 728,807 (455,633) - - Receivables 252,643 (296,942) (4,419) 7,066 Intercompany 241,217 (139,376) (28,269) 70,217 Payables (708,589) 387,641 (19,441) 10,635 Cash generated from operation 1,952,720 2,744,719 (30,128) 88,468 Finance income 35,123 26,256 1,141 69 Taxation paid (397,987) (510,031) (12,282) (7,599) Zakat paid (34,162) (35,142) - - Tax refunded 164 6,352 - 2,833 Retirement benefit paid (5,235) (5,646) (61) (98) Net cash generated from operating activities 1,550,623 2,226,508 (41,330) 83,673 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (969,822) (757,875) (1,241) (285) Renewal of right-of-use assets 25,193) - - - Purchase of intangible assets (10,349) (6,424) (6,744) (3,202) Purchase of biological assets (2,993) (502) - - Additions of financial assets at fair value through other comprehensive income (1,997) (2,706) - - Additions of financial assets at fair value through profit or loss (483,674) (238,527) - - Net cash inflow from disposal of subsidiaries 103,636 - - - Net cash (outflow)/inflow from liquidation of a subsidiary (526) 4,012 - - Balance carried forward (1,390,918) (1,002,022) (7,985) (3,487)
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