Press Metal Aluminium Holdings Berhad SECTION 6 • FINANCIAL STATEMENTS 246 Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Cash flows from financing activities Acquisition of additional interest in a subsidiary from non-controlling interest (Note 32.1) (3,885) - - - Increase in amounts due to subsidiaries - - 7,716 888 Dividends paid to non-controlling interests of subsidiaries (144,993) (173,100) - - Dividends paid to owners of the Company (576,772) (576,772) (576,772) (576,772) Drawdown of bank loans 389,716 431,094 - 124,308 Drawdown of bankers’ acceptances 1,964,162 3,234,410 - - Drawdown of revolving credits 438,396 489,593 - - Interest paid in relation to lease liabilities (9,920) (9,006) - - Interest paid on loans and borrowings (208,017) (233,469) (124,677) (132,487) Payment of lease liabilities (25,100) (27,617) - - Proceeds from issuance of Islamic Medium-Term Notes - 500,000 - 500,000 Repayment of bank loans (817,577) (827,248) (308,083) (545,766) Repayment of bankers’ acceptances (1,587,532) (3,833,298) - - Repayment of Islamic Medium-Term Notes (550,000) - (550,000) - Repayment of revolving credits (325,486) (511,272) - - Subscription of shares in a subsidiary by non-controlling interest 65,992 - - - Net cash used in financing activities (1,391,016) (1,536,685) (1,551,816) (629,829) Net cash flows from operating, investing and financing activities 314,022 623,564 9,801 92,855 Effect of foreign currency translation differences (23,962) (5,408) - - Net increase in cash and cash equivalents 290,060 618,156 9,801 92,855 Effect of exchange rate fluctuations on cash held (958) 4,929 - - Cash and cash equivalents at 1 January 1,219,642 596,557 173,206 80,351 Cash and cash equivalents at 31 December 1,508,744 1,219,642 183,007 173,206 Statements of Cash Flows For the year ended 31 December 2024
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