MKH Annual Report 2020

98 FINANCIAL STATEMENTS ANNUAL REPORT 2020 The Group The Company 2020 RM 2019 RM 2020 RM 2019 RM CASH FLOWS (USED IN)/ FROM  INVESTING ACTIVITIES Acquisition of subsidiaries, net of  cash acquired - - - (1) Advances to subsidiaries - - (30,662,409) (42,669,324) Subscription of shares in an  associate (99,996) (5,000,000) - - Acquisition of other investment (129,250) - - - Acquisition of property, plant and  equipment (9,543,552) (26,712,383) - - Additions to intangible assets (20,501,079) (3,796,311) - - Additions to land held for  property development (37,436,804) (30,903,244) - - Dividend received from  subsidiaries - - 51,012,000 30,903,675 Dividend received from other  investment 879 - - - Withdrawal of deposits with  licensed banks 9,844,999 4,479,568 - - Proceeds from disposal of  property, plant and equipment 131,378 126,221 - - Proceeds from capital reduction in  an associate - 3,375,000 - - Net Cash (Used In)/From  Investing Activities (57,733,425) (58,431,149) 20,349,591 (11,765,650) CASH FLOWS FROM/(USED IN)  FINANCING ACTIVITIES Drawdown of revolving credits 173,502,088 178,133,193 125,175,850 116,485,350 Drawdown of term loans 66,915,407 41,691,795 - - Repayments of revolving credits (150,692,252) (103,551,959) (99,976,000) (66,000,000) Repayments of term loans (131,204,719) (104,503,140) - - Payments of hire purchase  liabilities (547,739) (735,349) - - Payment of lease liability (500,000) - - - Share buy back (1,475,201) (4,199,140) (1,475,201) (4,199,140) Subscription of additional shares  in subsidiaries - - (6,651,560) (50,552,299)