MKH Annual Report 2018

95 MKH Berhad Annual Report 2018 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018 The Group The Company 2018 2017 2018 2017 RM RM RM RM CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES Acquisition of subsidiaries, net of cash acquired - - (2) (350) Advances to subsidiaries - - (40,083,739) (86,576,238) Subscription of shares in an associate - (1,960,000) - - Acquisition of property, plant and equipment (16,919,649) (13,821,345) - - Additions to biological assets (4,427,742) (3,876,762) - - Additions to intangible assets (4,971,433) (7,466,108) - - Additions to land held for property development (47,739,819) (76,154,883) - - Subscription of additional shares in subsidiaries - - (42,250,721) (31,667,487) Dividends received from subsidiaries - - 32,516,500 44,370,000 Placement of deposits with licensed banks (5,458,455) (909,665) - - Proceeds from disposal of an associate 2,000,000 - - - Proceeds from disposal of property, plant and equipment 143,944 40,166 - - Proceeds from disposal of non-current assets classified as held for sale 11,082,732 - - - Net Cash Used In Investing Activities (66,290,422) (104,148,597) (49,817,962) (73,874,075) CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES Drawdown of bridging loan - 6,306,911 - - Drawdown of revolving credits 197,676,598 183,990,781 144,000,000 107,000,000 Drawdown of term loans 37,637,657 257,949,241 - - Repayments of bridging loan (6,306,911) - - - Repayments of revolving credits (166,296,231) (119,122,180) (112,400,000) (95,850,000) Repayments of term loans (154,899,423) (380,683,893) - - Payments of finance lease (938,042) (873,092) - - Proceeds from issuance of shares pursuant to: - rights issue - 80,561,603 - 80,561,603 - warrants 36,651,682 26,467,369 36,651,682 26,467,369 Share issue expenses - (1,704,487) - (1,704,487) Shares buy back (5,437,937) - (5,437,937) - Proceeds from issuance of shares by subsidiaries to non-controlling shareholders 22,648,519 490 - - Dividend paid to non-controlling shareholders (3,875,040) - - - Dividend paid (29,284,585) (29,362,829) (29,284,585) (29,362,829) Net Cash (Used In)/From Financing Activities (72,423,713) 23,529,914 33,529,160 87,111,656 NET (DECREASE)/ INCREASE IN CASH AND CASH EQUIVALENTS (41,632,448) (22,723,809) (9,806,034) 16,228,924 E ect of exchange rate fluctuations (3,003,261) (5,158,983) - - CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 239,297,059 267,179,851 12,145,700 (4,083,224) CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 194,661,350 239,297,059 2,339,666 12,145,700