Group Company 2023 2022 2023 2022 Note RM’000 RM’000 RM’000 RM’000 Cash flows for investing activities Acquisition of: - other investments (10,635) - - - - associates (320) - - - Additions of right-of-use assets A (8,114) (8,426) - - Advance to subsidiaries F - - (94,225) (290,063) Advance to joint ventures (3,178) - (3,178) - Advance to associates (6) (4) (5) (2) Net investment in digital assets (301,684) (41) - - Purchase of additional shares in subsidiaries - - (60,750) - Purchase of property, plant and equipment (5,687) (66,315) (1,421) (1,883) Subscription of shares in a subsidiary from NCI (50) - - - Development costs incurred (468,434) (467,216) (103,388) (42,542) Increased in fixed deposits pledged with licensed banks (3,692) (4,159) (226) (3,113) Increased in fixed deposits with tenure more than 3 months (3) (2) - - Interest received 1,017 312 8,403 10,626 Dividends received 70 1,440 - 125,000 Proceeds from disposal of an associate - 18,946 - - Proceeds from disposal of property, plant and equipment C 466 657 - - Proceeds from disposal of other investments G 573 - - - Net cash used in investing activities (799,677) (524,808) (254,790) (201,977) STATEMENTS OF CASH FLOWS For the Financial Year Ended 31 December 2023 (cont’d) ANNUAL REPORT 2023 177 FINANCIAL STATEMENTS
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