200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 368,736 Statements of cash flows (cont'd) For the financial year ended 31 December 2023 2023 2022 2023 2022 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 (10,781,582) (16,359,991) - - Proceeds from issuance of shares by a subsidiary to non-controlling interests 3 - - - Drawdown of loans and borrowings 417,537,432 309,077,579 12,860,000 5,900,000 Repayment of loans and borrowings (322,747,607) (298,751,179) (5,900,000) (3,000,000) Repayment from/(Advances to) a joint venture - (4,695,556) - - Repayment to a joint venture (7,289,895) (3,604,582) - - Advances from/(Repayment to) a corporate shareholder of a subsidiary 881,450 (8,306,905) - - Repayment of lease liabilities (3,056,089) (3,017,024) - - Repayment from subsidiaries - - 9,691,867 15,573,383 Withdrawal of pledged fixed deposits 7,343,090 12,036,037 - - Net cash flows generated from/ (used in) financing activities 78,353,215 (17,155,208) 13,118,280 14,939,796 Net (decrease)/increase in cash and cash equivalents (5,420,597) 14,031,870 (9,432,540) 9,407,635 Effect of exchange rate changes on cash and cash equivalents 3,789,945 696,418 - - Cash and cash equivalents at 1 January 60,345,346 45,617,058 10,189,874 782,239 Cash and cash equivalents at 31 December (Note 20) 58,714,694 60,345,346 757,334 10,189,874 Group Company The accompanying accounting policies and explanatory notes form an integral part of the financial statements. - 25 - STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 095 Annual Report 2023
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