200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of cash flows (cont'd) For the financial year ended 31 December 2022 2022 2021 2022 2021 RM RM RM RM Financing activities Dividends paid on ordinary shares (3,533,587) (3,533,587) (3,533,587) (3,533,587) Repayment of hire purchase payables (16,359,991) (23,878,835) - - Proceeds from issuance of shares by a subsidiary to non-controlling interests - 1,525,000 - - Drawdown of loans and borrowings 309,077,579 641,765,586 5,900,000 78,000,000 Repayment of loans and borrowings (298,751,179) (716,892,811) (3,000,000) - Advances to a joint venture (4,695,556) (7,000,000) - - Repayment to a joint venture (3,604,582) (1,650,260) - - (Repayment to)/Advance from a corporate shareholder of a subsidiary (8,306,905) 11,593,600 - - Repayment of lease liabilities (3,017,024) (3,202,403) - - Repayment from/(Advances to) subsidiaries - - 15,573,383 (58,678,675) Withdrawal of/(Additions to) pledged fixed deposits 12,036,037 (2,168,248) - - Net cash flows (used in)/ generated from financing activities (17,155,208) (103,441,958) 14,939,796 15,787,738 Net increase in cash and cash equivalents 14,031,870 11,529,500 9,407,635 638,141 Effect of exchange rate changes on cash and cash equivalents 696,418 1,043,676 - - Cash and cash equivalents at 1 January 45,617,058 33,043,882 782,239 144,098 Cash and cash equivalents at 31 December (Note 21) 60,345,346 45,617,058 10,189,874 782,239 Company The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Group - 25 - STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Annual Report 2022 90
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