80 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 Group Company 2022 2021 2022 2021 Note RM RM RM RM CASH FLOWS FROM FINANCING ACTIVITIES Drawdowns of: - term loans 14,000,000 8,700,000 - 8,700,000 - Islamic facility - 22,000,000 - - - revolving loan - 30,000,000 - 30,000,000 - banker acceptance 5,000,000 - - - Proceeds from transfers of ESS shares - 1,108,080 - 1,108,080 Purchase of ESS shares from open market 24(c) - (110,610) - (110,610) Repayments of: - term loans (19,611,780) (8,482,887) (1,574,454) (1,282,608) - Islamic facility - (22,000,000) - - - revolving loan (30,000,000) - (30,000,000) - - banker acceptance (5,000,000) - - - - lease liabilities 13 (3,071,371) (6,265,777) (94,932) (107,286) Dividend paid 11 (28,537,487) - (28,537,487) - Net cash (used in)/from financing activities (67,220,638) 24,948,806 (60,206,873) 38,307,576 Net (decrease)/increase in cash and cash equivalents (124,196,475) 67,519,858 (81,755,461) 34,423,875 Effect of exchange rate changes on cash and cash equivalents 2,145,789 (2,004,395) (11,927) 7,189 Effect of fair value changes on cash and cash equivalents 21(g) (301,153) (641,777) (281,876) (582,668) Cash and cash equivalents at beginning of financial year 265,188,114 200,314,428 99,331,482 65,483,086 Cash and cash equivalents at end of financial year 22(h) 142,836,275 265,188,114 17,282,218 99,331,482 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 CONT’D The accompanying notes form an integral part of the financial statements.
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