ICT ZONE VENTURES BERHAD

ICT Zone Ventures Scheme 2 - Mudharabah Al-Mua'ddat Trust Account

STATEMENT OF CASH FLOWS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2019

Note 2019 2018

RM RM

CASH FLOWS FROM OPERATING ACTIVITIES

Trust fund received 3,235,000 260,000

Trust fund released (2,960,000) (250,000)

Capital reserve fund received 210,500 48,500

Interest received 10,656 8,286

Dividend received 216 70

Payment of bank charges (85) (101)

Payment of GST (4) (6)

496,283 66,749

NET INCREASE IN CASH AND CASH EQUIVALENTS 496,283 66,749

Cash and cash equivalents at beginning of financial year 341,128 274,379

Cash and cash equivalents at end of financial year 837,411 341,128

CASH AND CASH EQUIVALENTS CONSIST OF:

Cash at bank 270,851 49,725

Fixed deposits with a licensed bank 3 566,560 291,403

837,411 341,128

See accompanying Notes to the financial statements

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