24 Annual Report 2021 Management Discussion and Analysis Report Further details of the Group’s fnancial performance are discussed in the segments below. LIQUIDITY AND CAPITAL RESOURCES For FY2021, the cash and cash equivalents of the Group increased signifcantly by RM49.7 million to RM412.1 million as at 30 September 2021 (FY2020: decreased slightly by RM9.4 million to RM359.5 million as at 30 September 2020), which was culminated from the following cash flows activities: For FY2021, the Group recorded higher cashflows generated from operating activities following the contribution from Plantation Division and ongoing project developments. The cashflows used in fnancing activities increased signifcantly following a net repayment of bank borrowings totalling RM105.7 million in FY2021 via surplus funds from completed property development projects, prepayments of some bank loan installments by PT Maju Kalimantan Hadapan in view of the good cashflows generated from its operation as compared to a net repayment of bank borrowings totalling RM41.5 million in FY2020 and the set off of proceeds from issuance of shares by subsidiaries to non-controlling interests totalling RM24.3 million (FY2020: RM Nil). The Group’s capital resources comprise primarily of cash flows generated from operating activities, cash and cash equivalents, term deposits, fxed income funds and available lines of credit. As at 30 September 2021, the Group’s net gearing improved to 0.07 times (FY2020: 0.17 times). The Group continues to maintain a prudent approach towards managing its capital resources to ensure adequacy in meeting operational requirements and capital expenditure from time to time. Net cash generated 2021 2020 Changes from/ (used in) RM’000 RM’000 (%) Operating activities 206,664 119,502 72.9 Investing activities (57,382) (57,733) 0.6 Financing activities (99,548) (71,214) (39.8) (Decrease)/Increase in cash and cash equivalents 49,734 (9,445) 626.6 Artist’s impression of Nexus @ Taman Pertama which offers elevated amenities and suitable for live-work-play lifestyles Artist’s impression of Kajang East Precinct 2 residential development with luxurious and harmonious ambience
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