PRG Holdings Berhad Annual Report 2017

• PRG HOLDINGS BERHAD 80 Group Company Note 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of: - property, plant and equipment 7 (6,980) (4,519) - - - intangible assets 8 (35) (4) - - Advances to subsidiaries - - (6,775) (4,828) Repayment (to)/from a joint venture (34) 30 - - Advances to associates (212) - - - Dividends received from a joint venture 11 440 319 - Dividends received from subsidiaries - - 9,041 11,304 Interest received 258 173 33 132 Proceeds from disposals of property, plant and equipment 4,292 627 308 477 Net cash outflow from partial disposal of a subsidiary 9(b)(i) (4,668) - - - Acquisition of additional interest in a subsidiary - - - (7,317) Acquisition of investments in associates (250) - - - Deposits placed with financial institutions with original maturity of more than three (3) months (1,822) (99) - - Placement of restricted cash (70) (77) - - Net cash (used in)/from investing activities (9,081) (3,550) 2,607 (232) CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid to owners of the parent 28 (1,490) (1,478) (1,490) (1,478) Interest paid (3,095) (3,973) (7) (45) Proceeds from issuance of ordinary shares pursuant to exercise of warrants 1,600 3,036 1,600 3,036 Proceeds from issuance of shares to non-controlling interests 34,109 - - - Drawdowns of borrowings 24,798 21,250 - - Repayments of borrowings (42,693) (51,530) (157) (904) Repayments of hire purchase creditors (1,447) (1,028) (298) (496) Net cash from/(used in) financing activities 11,782 (33,723) (352) 113 Net increase/(decrease) in cash and cash equivalents 21,444 (4,056) (96) 3 Effects of exchange rate changes on cash and cash equivalents (1,026) 316 * 2 Cash and cash equivalents as at beginning of financial year 17,003 20,743 224 219 Cash and cash equivalents as at end of financial year 17(e) 37,421 17,003 128 224 Reconciliation of liabilities arising from financing activities Borrowings at 1 January ** 50,293 78,907 455 1,849 Cash flows (19,342) (31,308) (455) (1,400) Non-cash flows - Acquisition of property, plant and equipment 793 2,327 - - - Partial disposal of a subsidiary (2,568) - - - - Effect of foreign exchange (607) 367 - 6 Borrowings at 31 December ** 20 28,569 50,293 - 455 * Amount is less than RM1,000. ** Borrowings exclude bank overdraft. The accompanying notes form an integral part of the financial statements. S T A T E M E N T S O F C A S H F L O W S F O R T H E F I N A N C I A L Y E A R E N D E D 3 1 D E C E M B E R 2 0 1 7 ( c o n t ’ d )