MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS MISC BERHAD | Annual Report 2017 262 30. CASH FLOWS FROM INVESTING ACTIVITIES Group Corporation 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Purchase of ships, offshore floating assets and other property, plant and equipment (2,451,405) (1,396,590) (95,332) (189,543) Progress payments for finance lease under construction (1,166,771) (1,006,393) (1,166,771) (1,006,393) Purchase consideration on acquisition of subsidiaries (Note 15) - (1,966,054) - (1,727,489) Cash acquired on acquisition of subsidiaries (Note 15) - 424,350 - - Cash disposed on disposal of a subsidiary (Note 15) - (32,494) - - Issuance of loans to subsidiaries net of repayment - - 883,680 2,293,891 Dividend received from: Quoted equity investments 3,511 2,565 3,511 2,565 Subsidiaries - - 1,201,313 1,549,251 Joint ventures 439,368 227,565 257,875 200,761 Repayment of loans due from associates and joint ventures - 49,554 - 31,856 Proceeds from disposal of ships, other property, plant and equipment and held for sale assets 139,889 - 987 - Proceeds from disposal of a/an: - subsidiary (Note 15) - 324,000 - 324,000 - joint venture (Note 17) 193,000 - 193,000 - - associate (Note 16) 4,042 - - - Interest received 76,629 34,233 183,774 162,435 Net fixed deposit withdrawal 640 - - - Net cash (used in)/generated from investing activities (2,761,097) (3,339,264) 1,462,037 1,641,334