2023 RM’million 2022 RM’million (Restated) CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) Adjustments for: (continued) Reversal of impairment losses on: - Receivables (254.9) (56.5) (239.7) (26.6) - Contract assets (22.6) (71.0) (19.3) (64.0) - Amounts due from subsidiaries 0 0 (163.0) (210.8) - Amounts due from joint ventures (0.3) (13.7) 0 0 - Amounts due from associates (0.1) (0.1) (0.1) (0.1) - Financial guarantee contracts 0 (18.1) 0 (18.8) - Investment in unquoted debt security (2.9) (5.4) (2.9) (5.4) Impairment losses on investment in: - Subsidiaries 0 0 15.2 18.9 - Joint ventures 1.3 2.3 0 0 - Associates 35.9 68.6 0 0 Reversal of impairment losses of investment in a subsidiary 0 0 (137.7) 0 Impairment losses on intangible assets 123.6 22.7 0 0 Inventories: - Provision for obsolescence59.0 83.6 50.0 65.2 - Write back of obsolescence (93.4) (90.7) (64.8) (85.5) - Written off 98.7 119.1 89.4 111.1 Changes in fair value of financial instruments 49.4 (130.7) 1.1 15.2 Capacity charges differential (136.5) (533.8) (507.8) (828.0) Cash from operations before working capital changes 19,041.1 21,099.1 18,791.9 19,442.4 Working capital changes: - Inventories 468.5 (1,425.7) (22.3) (254.3) - Receivables 12,239.7 (12,388.2) 12,035.2 (11,796.4) - Contract balances (822.9) (427.1) (800.7) (418.4) - Payables 1,592.0 2,899.2 1,503.5 1,736.4 - Subsidiaries balances 0 0 1,881.5 1,270.1 - Associates balances 91.2 299.4 (196.7) 597.1 - Joint ventures balances 14.4 8.8 0 0 Cash generated from operations 32,624.0 10,065.5 33,192.4 10,576.9 Post-employment benefits paid (871.9) (808.9) (841.3) (779.6) Contract liabilities received 1,121.8 828.7 852.8 632.6 Consumer deposits received 303.4 326.6 286.2 325.5 Net taxation and zakat paid (933.9) (1,034.0) (622.1) (359.6) Net cash flows generated from operating activities 32,243.4 9,377.9 32,868.0 10,395.8 FINANCIAL STATEMENTS Sec 5 211 CONSOLIDATED STATEMENT OF CASH FLOWS For The Financial Year Ended 31 December 2023 Group Company 2023 RM’million 2022 RM’million 2023 RM’million