Annual Report 2020

Group Company Note 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Operating profit/(loss) before  changes in working capital (continued) 535,263 454,482 (4,256) (6,234) Changes in working capital:  Biological assets (2,410) (20,432) — —  Inventories 76,498 (196,556) — —  Trade and other receivables   and other financial assets (63,368) (9,355) (329) 226  Employee benefits 821 1,075 — —  Trade and other payables, including derivatives 23,832 50,766 25,937 36,960  Contract liabilities (12,627) 14,716 — —  Bills payable 12,852 53,129 — — Cash generated from operations 570,861 347,825 21,352 30,952 Dividends from liquid investments 112 151 112 102 Income taxes (paid)/refund (31,915) (44,006) 888 (145) Interest paid (19,601) (19,702) (1,844) (713) Interest received 8,781 7,480 50,769 36,973 Net cash generated fromoperating activities 528,238 291,748 71,277 67,169 Cash flows from investing activities Acquisition of investment properties — (216) — — Acquisition of intangible assets (64) — — — Acquisition of prepaid lease payments — (628) — — Acquisition of property, plant and equipment (i) (358,975) (305,653) — — Acquisition of right-of-use assets 4 (59,445) — — — Dividends received from associates 9 5,363 5,233 — — Dividends received from subsidiaries — — 146,913 94,146 Increase in investment in associates — (1,657) — — Increase in investment in subsidiaries — — (75,922) (73,300) Proceeds from disposal of property,  plant and equipment 4,695 5,938 — 45 Proceeds from disposal of subsidiaries 36.2 — 235 — — Net cash (used in)/generated   from investing activities (408,426) (296,748) 70,991 20,891 Annual Report | 2020 QL Resources Berhad 108 Statement of Changes In Equity For the Year Ended 31 March 2020