Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 175 The Group The Company 2024 2023 2024 2023 RM RM RM RM CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES Advances to subsidiaries - - (13,803,369) (50,674,886) Acquisition of shares in subsidiary - net of cash (Note 15(c)) (16,996,817) - - - Acquisition of other investment (920,908) (157,862) - - Acquisition of property, plant and equipment (24,932,937) (29,248,967) - - Additions to intangible assets - (6,294,572) - - Additions to land held for property development (35,481,623) (17,303,046) - - Deposits and consideration paid for the acquisition development lands through joint venture (58,506,636) (17,000,000) - - Dividends received from: Subsidiaries - - 9,370,400 104,684,000 Other investment 18,004 56,489 - - Placement of deposits with licensed banks (290,626) (5,177,895) - - Redemption of redeemable convertible preference shares by a subsidiary - - - 9,500,000 Proceeds from capital reduction in an associate - 3,600,000 - - Proceeds from disposal of: Land held for property development - 367,000 - - Non-current assets classified as held for sale - 1,111,746 - - Other investment 736,586 143,251 - - Property, plant and equipment 31,380 460,701 - - Subsidiaries - net of cash - - - 1,000 Proceed from capital reduction from subsidiaries - - 1,300,000 5,899,513 Net Cash (Used In)/From Investing Activities (136,343,577) (69,443,155) (3,132,969) 69,409,627 Statements of Cash Flows for the Financial Year Ended 30 September 2024
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