Group Company Note 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Cash flows from investing activities Interest received 91,020 85,597 5,560 13,340 Acquisitions of subsidiaries/businesses, net of cash and cash equivalents acquired (294,104) (50,125) – – Investment in subsidiaries – – – (268,582) Increase in investments in joint ventures (27) – – – Purchase of other financial assets (1,690,234) (77,668) (1,476,823) – Net withdrawal/(placement) of fixed deposits with tenor of more than 3 months 79,705 (85,012) – – Purchase of property, plant and equipment (1,870,649) (1,668,399) (100) (97) Cost capitalised and purchase of investment properties (76,747) (206,941) – – Development and purchase of intangible assets (72,978) (47,848) – – Net cash inflow from disposal of subsidiaries 1,180,500 – 1,152,508 – Proceeds from disposal of interests in associates 18,289 – – – Proceeds from disposal of other financial assets 1,554,503 136,608 1,479,612 112,099 Proceeds from disposal of property, plant and equipment 30,545 35,017 – – Proceeds from disposal of asset 82,543 – – – Dividends received from subsidiaries 25 – – 620,615 340,372 Dividends received from associates 29,678 23,457 – – Dividends received from joint ventures 1,665 1,420 – – Net cash (used in)/from investing activities (936,291) (1,853,894) 1,781,372 197,132 Cash flows from financing activities Finance costs paid (462,181) (293,706) – – Proceeds from loans and borrowings 6,925,751 4,061,286 – – Repayment of loans and borrowings (7,395,718) (3,632,316) – – Payment of lease liabilities 4c (256,617) (337,144) (1,018) (1,019) Payment of perpetual securities distribution and redemption – (2,257,728) – – Dividends paid to owners of the Company (1,770,205) (528,162) (1,770,205) (528,162) Dividends paid to non-controlling interests (266,759) (184,854) – – Proceeds from exercise of share options 5,489 55,742 5,489 55,742 Repurchase of shares from non-controlling interests (303,528) (56,795) – – Acquisition of non-controlling interests (419,111) – – – Capital injection by non-controlling interests 9,943 – – – Proceeds from issuance of fixed rate notes 109,667 348,535 – – Redemption of fixed rate notes (175,312) (94,711) – – Net cash used in financing activities (3,998,581) (2,919,853) (1,765,734) (473,439) Net decrease in cash and cash equivalents (1,175,438) (1,106,104) (147,653) (1,062,344) Effect of exchange rate fluctuations on cash held (185,676) (371,069) 1,029 1,976 Hyperinflationary restatement of cash and cash equivalents at beginning of the period – 146,074 – – Cash and cash equivalents at 1 January 3,662,352 4,993,451 154,512 1,214,880 Cash and cash equivalents at 31 December 2,301,238 3,662,352 7,888 154,512 The notes on pages 148 to 248 are an integral part of these financial statements. Annual Report 2023 147
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