My EG Services Berhad Annual Report 2019

ANNUAL REPORT 2019 111 FINANCIAL STATEMENTS The Group The Company 1.10.2018 to 31.12.2019 1.7.2017 to 30.9.2018 1.10.2018 to 31.12.2019 1.7.2017 to 30.9.2018 Note RM’000 RM’000 RM’000 RM’000 (Restated) (Restated) CASH FLOWS (FOR)/FROM INVESTING ACTIVITIES Acquisition of investment properties - (6,443) - (6,443) Advances to subsidiaries - - (283,930) - Dividend received - - 300,000 300,000 Interest income received 1,142 3,123 623 716 (Decrease)/Increase in pledged deposits with licensed banks (2,370) 5,712 (438) 5,815 Proceeds from disposal of equipment 16,803 - 13,219 - Purchase of property and equipment 44(a) (69,865) (47,485) (64,192) (33,998) Proceeds from partial disposal of an other investment 5,779 1,769 - - Purchase of: - other investments (8,299) (19,579) - - - a subsidiary - - (2,000) (2,000) - associates (14,861) - - - - a joint venture (4,148) (2,726) (3,633) (2,726) Subscription of shares in a subsidiary by non-controlling interest 40 402 - - NET CASH (FOR)/FROM INVESTING ACTIVITIES (75,779) (65,227) (40,351) 261,364 CASH FLOWS FOR FINANCING ACTIVITIES Dividend paid 43 (66,202) (61,308) (66,202) (61,308) Drawdown of term loans 44(b) 50,053 - 50,053 - Drawdown of revolving credit 44(b) 10,000 11,960 10,000 10,000 Drawdown of block discounting 44(b) 18,028 - - - Interest paid 44(b) (9,164) (7,908) (8,115) (7,055) Purchase of treasury shares 26 (91,939) (52,804) (91,939) (52,804) Repayment of hire purchase and finance lease obligations 44(b) - (2,676) - - Repayment of lease liabilities 44(b) (7,781) - (977) - Repayment of term loans 44(b) (19,828) (19,358) (19,828) (18,403) Repayment of revolving credit 44(b) (4,660) (1,200) - - Repayment of block discounting 44(b) (876) - - - NET CASH FOR FINANCING ACTIVITIES (122,369) (133,294) (127,008) (129,570) STATEMENTS OF CASH FLOW FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) The annexed notes form an integral part of these financial statements.