Ni Hsin Berhad Annual Report 2018

Group Company Note 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Cash flows from financing activities Proceeds from bankers’ acceptances 1,265 - - - Payment of finance lease liabilities (130) (87) - - Repurchase of treasury shares (922) (774) (922) (774) Proceeds from exercise of warrants 12,143 4,489 12,143 4,489 Net cash generated from financing activities 12,356 3,628 11,221 3,715 Net increase in cash and cash equivalents 3,431 5,620 7,427 2,170 Effect of exchange rate fluctuations on cash held 18 (127) - - Cash and cash equivalents at 1 January 9,439 3,946 2,605 435 Cash and cash equivalents at 31 December 12,888 9,439 10,032 2,605 Acquisition of property, plant and equipment During the financial year, the Group acquired property, plant and equipment with an aggregate cost of RM2,060,000 (2017: RM440,000), of which RM620,000 (2017: Nil) were acquired by means of finance leases. The notes on pages 49 to 99 are an integral part of these financial statements. Statements of cash flows for the year ended 31 December 2018 (continued) Annual Report 2018 48