83 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 Group Company 2021 2020 2021 2020 Note RM RM RM RM CASH FLOWS FROM FINANCING ACTIVITIES Drawdowns of: - term loans 8,700,000 61,359,356 8,700,000 - - islamic facility 22,000,000 5,000,000 - - - revolving loan 30,000,000 - 30,000,000 - Proceeds from issuance of ordinary shares pursuant to: - ESS exercised - 1,868,400 - 1,868,400 Proceeds from transfers of ESS shares 1,108,080 8,646,480 1,108,080 8,646,480 Purchase of ESS shares from open market 24(d) (110,610) (2,225,353) (110,610) (2,225,353) Repayments of: - term loans (8,482,887) (64,924,204) (1,282,608) - - islamic facility (22,000,000) (5,500,000) - - - lease liabilities 13 (6,265,777) (8,724,262) (107,286) (224,504) Net cash from/(used in) financing activities 24,948,806 (4,499,583) 38,307,576 8,065,023 Net increase in cash and cash equivalents 67,519,858 23,341,854 34,423,875 20,305,280 Effect of exchange rate changes on cash and cash equivalents (2,004,395) (2,332,570) 7,189 (4,766) Effect of fair value changes on cash and cash equivalents 21(g) (641,777) (95,896) (582,668) (110,132) Cash and cash equivalents at beginning of financial year 200,314,428 179,401,040 65,483,086 45,292,704 Cash and cash equivalents at end of financial year 22(h) 265,188,114 200,314,428 99,331,482 65,483,086 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 CONT’D The accompanying notes form an integral part of the financial statements.
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