200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of cash flows (cont'd) For the financial year ended 31 December 2021 2021 2020 2021 2020 RM RM RM RM Financing activities Dividends paid on ordinary shares (3,533,587) (11,213,428) (3,533,587) (11,213,428) Repayment of hire purchase payables (23,878,835) (25,769,898) - - Proceeds from issuance of shares - 8,744,764 - 8,744,764 Proceeds from issuance of shares by a subsidiary to non-controlling interests 1,525,000 - - - Share issuance expenses - (79,109) - (79,109) Drawdown of loans and borrowings 641,765,586 575,800,217 78,000,000 - Repayment of loans and borrowings (716,892,811) (536,986,077) - - Advances to a joint venture (7,000,000) - - - Repayment to a joint venture (1,650,260) (3,191,227) - - Advance from a corporate shareholder of a subsidiary 11,593,600 - - - Repayment of lease liabilities (3,202,403) (3,441,737) - - (Advances to)/ Repayment from subsidiaries - - (58,678,675) 6,374,639 Uplift of pledged deposits (2,168,248) 376,731 - - Net cash flows (used in)/ generated from financing activities (103,441,958) 4,240,236 15,787,738 3,826,866 Net increase/(decrease) in cash and cash equivalents 11,529,500 15,396,590 638,141 (444,233) Effect of exchange rate changes on cash and cash equivalents 1,043,676 (1,087,285) - - Cash and cash equivalents at 1 January 33,043,882 18,734,577 144,098 588,331 Cash and cash equivalents at 31 December (Note 22) 45,617,058 33,043,882 782,239 144,098 Company The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Group - 25 - STATEMENTS OF CASH FLOWS OR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 85
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