My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 140 The Group The Company 1.1.2020 to 31.12.2020 1.10.2018 to 31.12.2019 1.1.2020 to 31.12.2020 1.10.2018 to 31.12.2019 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS (FOR)/FROM INVESTING ACTIVITIES Advances to subsidiaries - - (63,461) (283,930) Additions of right-of-use assets (39) - - - Dividend received - - 300,000 300,000 Development costs incurred (130,935) - (94,710) Interest income received 493 1,142 63 623 Decrease in pledged deposits with licensed banks (388) (2,370) - (438) Proceeds from disposal of equipment 562 16,802 - 13,218 Proceeds from disposal of right-of-use assets 168 - - - Purchase of property and equipment (51,997) (69,864) (620) (64,192) Proceeds from partial disposal of an other investment - 5,779 - - Purchase of: - other investments (103,400) (8,299) - - - a subsidiary - - (1,000) (2,000) - associates (33) (14,861) - - - a joint venture (2,064) (4,148) (2,064) (3,633) Subscription of shares in a subsidiary by non-controlling interest - 40 - - NET CASH (FOR)/FROM INVESTING ACTIVITIES (287,633) (75,779) 138,208 (40,352) CASH FLOWS FROM/(FOR) FINANCING ACTIVITIES Dividend paid 40 (86,316) (66,202) (86,316) (66,202) Drawdown of term loans 41(b) - 50,053 - 50,053 Drawdown of revolving credit 41(b) - 10,000 - 10,000 Drawdown of block discounting 41(b) 4,337 18,028 - - Interest paid 41(b) (8,265) (9,164) (6,789) (8,115) Net proceeds from issuance of ordinary shares 284,882 - 284,882 - Purchase of treasury shares 24 (30,914) (91,939) (30,914) (91,939) Repayment of lease liabilities 41(b) (5,722) (7,781) (743) (977) Repayment of term loans 41(b) (9,739) (19,828) (9,739) (19,828) Repayment of revolving credit 41(b) - (4,660) - - Repayment of block discounting 41(b) (5,081) (876) - - NET CASH FROM/(FOR) FINANCING ACTIVITIES 143,182 (122,369) 150,381 (127,008) The annexed notes form an intergral part of these financial statements. STATEMENTS OF CASH FLOWS For The Financial Year Ended 31 December 2020 (CONT’D)