163 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD Registration No: 199301009307 (264044-M) Note 2023 2022 2023 2022 RM '000 RM '000 RM '000 RM '000 FINANCING ACTIVITIES 129,600 - 129,600 - (3,534) - (3,534) - (6,292) (4,173) (55) (1) (12,500) (11,500) (12,500) (11,500) - 654 - - - 3,923 - 3,923 (13,095) (8,002) - - - (15) - - 121,751 82,413 - - Proceeds from issuance of ordinary shares� Share issuance expenses Interest paid Dividend paid Lease incentive Advances from holding company Payment of principal portion of lease liabilities� Repayment to a related party Drawdown of borrowings Repayment of borrowings (126,322) (67,865) - - Net cash from/(used in) financing activities 89,608 (4,565) 113,511 (7,578) CASH AND CASH EQUIVALENTS Net changes 56,615 (20,458) 39,537 (114) Effect of foreign exchange rate changes 5,145 2,076 - - Brought forward 17,585 35,967 577 691 Carried forward B 79,345 17,585 40,114 577 NOTES TO STATEMENTS OF CASH FLOWS A. PURCHASE OF RIGHT-OF-USE ASSETS 2023 2022 2023 2022 RM '000 RM '000 RM '000 RM '000 Total purchase consideration 22,256 30,149 - - Less: Purchase through lease liabilities arrangement (22,224) (30,149) - - Total cash consideration 32 - - - Company MST GOLF GROUP BERHAD (Incorporated in Malaysia) STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 (CONT’D) Group Company Group 25
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