MKH Annual Report 2017

The Group The Company 2017 2016 2017 2016 RM RM RM RM CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES Acquisition of subsidiaries, net of cash acquired - (4,127,965) (350) (2) Advances to subsidiaries - - (86,576,238) (37,906,308) Subscription of shares in an associate (1,960,000) (2,450,000) - - Acquisition of property, plant and equipment (13,821,345) (15,839,235) - - Additions to biological assets (3,876,762) (3,911,074) - - Additions to intangible assets (7,466,108) (4,847,540) - - Additions to land held for property development (76,154,883) (83,828,383) - - Subscription of additional shares in subsidiaries - - (31,667,487) (413,008) Disposal of subsidiary, net of cash disposed - - - 2 Dividends received from subsidiaries - - 44,370,000 65,644,900 Withdrawal /(Placement) of deposits with licensed banks (909,665) 4,461,295 - - Proceeds from disposal of property, plant and equipment 40,166 130,010 - - Net Cash (Used In)/From Investing Activities (104,148,597) (110,412,892) (73,874,075) 27,325,584 CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES Drawdown of bridging loans 6,306,911 - - - Drawdown of revolving credits 183,990,781 63,531,030 107,000,000 32,350,000 Drawdown of term loans 257,949,241 85,803,377 - - Repayments of revolving credits (119,122,180) (61,364,560) (95,850,000) (33,000,000) Repayments of term loans (380,683,893) (121,315,466) - - Payments of finance lease (873,092) (1,624,377) - - Proceeds from issuance of shares pursuant to: - rights issue 80,561,603 - 80,561,603 - - warrants 26,467,369 69,363 26,467,369 69,363 Share issue expenses (1,704,487) - (1,704,487) - Proceeds from issuance of shares by subsidiaries to non-controlling shareholders 490 481,990 - - Dividend paid to non-controlling shareholders - (4,000,000) - - Dividend paid (29,362,829) (29,359,770) (29,362,829) (29,359,770) Net Cash From/(Used In) Financing Activities 23,529,914 (67,778,413) 87,111,656 (29,940,407) NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (22,723,809) 41,713,593 16,228,924 (1,028,073) Effect of exchange rate fluctuations (5,158,983) (693,375) - - CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 267,179,851 226,159,633 (4,083,224) (3,055,151) CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 239,297,059 267,179,851 12,145,700 (4,083,224) Statements of Cash Flows For the Financial Year ended 30 September 2017 94 MKH Berhad • Annual Report 2017