56 EXCEL FORCE MSC BERHAD Group Company 2021 2020 2021 2020 Note RM RM RM RM Investing activities Additions of product development costs (2,953,584) (3,136,620) (2,043,016) (2,803,118) Acquisition of: - a subsidiary company - - - (2) - property, plant and equipment (454,885) (676,546) (436,846) (376,943) Interest income from: - deposits with licensed banks 50,101 44,614 39,443 27,754 - short-term funds 64,999 1,036,408 64,999 1,036,408 Proceeds from disposal of property, plant and equipment 176,196 - 176,196 - Proceeds from disposal of quoted investment 261,980 - 261,980 - Repayment from a subsidiary company - - - 800,000 Net cash used in investing activities (2,855,193) (2,732,144) (1,937,244) (1,315,901) Financing activities Dividends paid 29 (8,390,676) (5,593,784) (8,390,676) (5,593,784) Purchase of treasury shares 17 - (8,119,858) - (8,119,858) Payment of lease liabilities (333,200) (380,336) (333,200) (380,336) Net cash used in financing activities (8,723,876) (14,093,978) (8,723,876) (14,093,978) Net increase in cash and cash equivalents 9,494,367 71,908 8,017,910 403,165 Effect of exchange translation differences on cash and cash equivalents 8,604 (7,570) 8,604 (7,570) Cash and cash equivalents at the beginning of the financial year 22,853,401 22,789,063 22,125,361 21,729,766 Cash and cash equivalents at the end of the financial year 32,356,372 22,853,401 30,151,875 22,125,361 Cash and cash equivalents at the end of the financial year comprises: Deposits, cash and bank balances and short-term funds 14 32,356,372 22,853,401 30,151,875 22,125,361 Statements of Cash Flows (cont’d) The accompanying notes form an integral part of the financial statements.
RkJQdWJsaXNoZXIy NDgzMzc=