STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) The annexed notes form an integral part of these financial statements. NOTE THE GROUP THE COMPANY 2023 RM’000 2022 RM’000 (RESTATED) 2023 RM’000 2022 RM’000 CASH FLOWS FROM/(FOR) INVESTING ACTIVITIES (Advances to)/Repayment from related companies - - (53,392) 4,276 Acquisition of non-controlling interests 37 - (2,185) - (2,185) Investment in subsidiaries - - (46,000) * Placements of pledged deposits with licensed banks (3,182) (754) (39) (37) Withdrawals of deposits with licensed banks with maturity date more than 3 months 22,831 802 22,831 802 Proceeds from disposal of investment property 67 122 - - Proceeds from disposal of property, plant and equipment 1,991 479 - - Purchase of property, plant and equipment (2,360) (1,845) - - NET CASH FROM/(FOR) INVESTING ACTIVITIES 19,347 (3,381) (76,600) 2,856 CASH FLOWS FOR FINANCING ACTIVITIES Dividends paid (112,622) (100,108) (112,622) (100,108) Proceeds from issuance of shares by a subsidiary to non-controlling shareholders 150 - - - Advances from non-controlling interest shareholders 39(b) 1,200 4,119 - - Drawdown of term loans 39(b) 26,479 63,517 - - Drawdown of revolving credits 39(b) - 20,000 - - Advances from related companies 39(b) - - 115,017 20,496 Repayment of lease liabilities 39(b) (964) (1,046) - - Repayment of hire purchase payables 39(b) - (184) - - Repayment of revolving credits 39(b) - (20,000) - - Repayment of term loans 39(b) (55,210) (16,090) - - Repayment of Sukuk Wakalah 39(b) (30,000) (90,000) (30,000) (90,000) NET CASH FOR FINANCING ACTIVITIES (170,967) (139,792) (27,605) (169,612) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 59,707 (35,303) 38,023 (24,571) EFFECTS OF FOREIGN EXCHANGE TRANSLATION (9,867) 24 - - CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 150,288 185,567 10,123 34,694 CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 39(d) 200,128 150,288 48,146 10,123 * - Less than RM1,000 INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 150 FINANCIAL STATEMENTS
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