Page 39 - AOB 2018 (ENG)

Audit
Oversight
AUDIT OVERSIGHT BOARD AUDIT OVERSIGHT BOARD Board
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED ANNUAL
REPORT
31 DECEMBER 2018 31 DECEMBER 2018 2018

Note 2018 2017
RM RM
Cash flows from operating activities

Deficit before tax (1,802,844) (3,986,603)
Adjustment for:
Finance income (52,476) (31,233)

Operating deficit before changes in working capital (1,855,320) (4,017,836)
Change in other receivables 151,666 (69,339)
Change in other payables and accruals 27,000 (4,200)

Net cash used in operating activities (1,676,654) (4,091,375)

Cash flows from investing activities

Finance income 52,476 31,233
Increase in other investments (539,691) (78,491)

Net cash used in investing activities (487,215) (47,258)

Cash flows from financing activity
Funds from the Securities Commission Malaysia 2,000,000 4,500,000

Net cash from financing activity 2,000,000 4,500,000

Net (decrease)/increase in cash and cash equivalents (163,869) 361,367
Cash and cash equivalents at 1 January 546,781 185,414

Cash and cash equivalents at 31 December 382,912 546,781

Cash and cash equivalents comprise:

Cash and bank balances 6 382,912 375,820
Deposits placed with a licensed bank 6 - 170,961

382,912 546,781

The notes set out on pages 38 to 52 are an integral part of these financial statements.

PART TWO STATEMENTS | 37

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