Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Cash receipts from customers 851,892 1,183,475 272,258 366,141 Cash paid to suppliers and employees (627,512) (746,798) (191,180) (192,071) Cash generated from operations 224,380 436,677 81,078 174,070 Defined benefit obligations paid (588) (616) (437) (402) Tax refund 2,537 48 2,363 – Taxation and zakat paid (52,158) (115,855) (28,449) (64,975) Net cash generated from operating activities 174,171 320,254 54,555 108,693 Cash flows from investing activities Purchase of property, plant and equipment (139,682) (71,698) (25,845) (14,075) Purchase of right-of-use assets – (540) – (193) Net proceeds from disposal of property, plant and equipment and compulsory land acquisition 88,222 399,610 88,209 399,608 Real property gains tax paid (9,245) (39,477) (9,245) (39,477) Dividends received 7,000 6,000 75,155 6,000 Interest received 2,995 5,056 86,842 93,654 Acquisition of additional shares in associates (25) – (25) – Acquisition of subsidiary – – – (250) Net cash (used in)/generated from investing activities (50,735) 298,951 215,091 445,267 The accompanying accounting policies and explanatory notes form an integral part of these financial statements. STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 Boustead Plantations Berhad 196
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