MIGHT Financial Report 2020

16

MIGHT Directors’ Report And Audited Financial Statements 2020

MALAYSIAN INDUSTRY - GOVERNMENT GROUP FOR HIGH TECHNOLOGY (320059 - P) (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) (INCORPORATED IN MALAYSIA)

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

GROUP

COMPANY

ACTIVITIES CASH FLOWS FROM OPERATING ACTIVITIES

2020 RM

2020 RM

2019 RM

2019 RM

NOTE

Operating deficit before working capital changes Changes in working capital: Trade and other receivables Trade and other payables Cash (used in)/from operations Government grant received Tax refunded Tax paid Net cash from/(used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES

(18,805,582)

(18,305,153)

(6,580,523)

(12,959,375)

(1,549,214) (21,904,745) (42,259,541) 66,337,882 4,222 (103,319)

1,126,566 40,263,781 23,085,194 28,275,000 55,797 (142,188)

(263,594) (21,723,593) (28,567,710)

1,104,358 40,027,149 28,172,132

- - -

- - -

- - -

14

- - -

23,979,244

51,273,803

(28,567,710)

28,172,132

Advances to an associate Dividend income received Interest income received Income distribution from short term fund received Net movement intercompany balances Withdrawal of deposits with licensed banks Proceeds from disposal of property, plant and equipment Proceed from disposal of other investments Purchase of property, plant and equipment

(213,234) 1,880,000 1,208,262

-

-

-

-

1,037,748 2,543,010

1,000,000 2,037,763

1,000,000 719,393

200,901

-

-

-

19,256

(19,256)

-

-

-

18,500,000

18,500,000

-

-

-

25,940

25,000

1,600,000

7,420,000

-

-

(153,021) (37,000,000)

(250,484) (25,500,000)

(55,033)

(36,096)

3 7

Purchase of other investments Net cash (used in)/from investing activities

-

-

(31,771,362)

3,070,484

3,001,986

20,189,041

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