Ni Hsin Berhad Annual Report 2017

Group Company Note 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Cash flows from financing activities Payment of finance lease liability (87) (84) - - Repurchase of treasury shares (774) (1,785) (774) (1,785) Dividend received - - 500 2,100 Proceeds from exercise of warrants 4,489 351 4,489 351 Net cash generated from/ (used in) financing activities 3,628 (1,518) 4,215 666 Net increase/(decrease) in cash and cash equivalents 5,620 (1,895) 2,170 (200) Effect of exchange rate fluctuations on cash held (127) 80 - - Cash and cash equivalents at 1 January 3,946 5,761 435 635 Cash and cash equivalents at 31 December (i) 9,439 3,946 2,605 435 (i) Cash and cash equivalents Cash and cash equivalents included in the statements of cash flows comprise the following statements of financial position amounts: Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Deposits with licensed banks 2,694 189 175 170 Cash and bank balances 6,745 3,924 2,430 265 Bank overdrafts - (167) - - 9,439 3,946 2,605 435 The notes on pages 49 to 91 are an integral part of these financial statements. Statements of cash flows for the year ended 31 December 2017 (continued) Annual Report 2017 48