25 LIQUIDITY AND CAPITAL RESOURCES The cashflows used in financing activities increased significantly following a net repayment of bank borrowings totalling RM130.3 million in FY2022 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 RM105.7 million in FY2021, dividend paid to non-controlling interests of RM27.9 million (FY2021: RM Nil) and the set off of proceeds from issuance of shares by subsidiaries to non-controlling interests totalling RM5.1 million (FY2021: RM24.3 million). The Group’s capital resources comprise primarily of cash flows generated from operating activities, cash and cash equivalents, term deposits, short-term placements and available lines of credit. As at 30 September 2022, the Group’s net gearing improved to 0.02 times (FY2021: 0.07 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. For FY2022, the Group recorded higher cashflows generated from operating activities following the contribution from ongoing project developments and Plantation Division. For FY2022, the cash and cash equivalents of the Group decreased by RM24.9 million to RM390.0 million as at 30 September 2022 (FY2021: increased by RM49.7 million to RM412.1 million as at 30 September 2021), which was culminated from the following cash flows activities: Changes (%) 2021 RM’000 2022 RM’000 Net cash generated from/ (used in) 15.8 239,419 Operating Activities 206,664 Investing Activities (74.1) (99,927) (57,382) Financing Activities (65.1) (164,352) (99,548) (Decrease)/Increase in cash and cash equivalents (150.0) (24,860) 49,734 MKH Berhad Artist's impression of TR2 Residence @ Jalan Tun Razak with a spectacular Kuala Lumpur city view Management Discussion & Analysis Report
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