MKH BERHAD | ANNUAL REPORT 2023 141 The Group The Company 2023 2022 2023 2022 RM RM RM RM CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES Advance from non-controlling interests 9,800,000 9,800,000 - - Drawdown of bridging loan 4,419,423 - - - Drawdowns of revolving credits 141,100,000 126,100,000 132,100,000 104,100,000 Drawdowns of term loans 35,718,379 11,416,142 - - Repayments of revolving credits (194,950,000) (195,141,312) (157,200,000) (91,931,600) Repayments of term loans (38,459,335) (72,662,366) - - Payments of hire-purchase liabilities (507,290) (324,383) - - Payments of lease liability (575,000) (562,500) - - Proceeds from issuance of shares by subsidiaries to non-controlling interests 87,500 5,124,998 - - Reduction of share capital by a subsidiary (5,591,200) - - - Redemption of preference shares (10,500,000) - - - Dividends paid to non-controlling interests (33,805,200) (27,893,215) - - Dividends paid (23,096,635) (20,209,552) (23,096,635) (20,209,552) Subscription of additional shares in subsidiaries - - (29,172,202) (69,921,494) Net Cash Used In Financing Activities (116,359,358) (164,352,188) (77,368,837) (77,962,646) NET DECREASE IN CASH AND CASH EQUIVALENTS (42,112,430) (24,860,204) (5,591,312) (26,755,720) Effect of exchange rate fluctuations 2,060,421 2,709,258 - - CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 389,960,265 412,111,211 7,008,055 33,763,775 CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR (Note (i)) 349,908,256 389,960,265 1,416,743 7,008,055 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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