EXCEL FORCE MSC BERHAD 105 Notes to the Financial Statements (Cont’d) 31. Reconciliation of Liabilities Arising from Financing Activities The table below show the details changes in the liabilities of the Group and of the Company arising from financing activities, including both cash and non-cash changes: At 1 January New lease (Note 4) Financing cash flows (i) At 30 June/ 31 December RM RM RM RM Group and Company 30.6.2023 Lease liabilities 672,117 450,000 (489,906) 632,211 31.12.2021 Lease liabilities 1,005,317 - (333,200) 672,117 (i) Financing cash flows represents payment of lease liabilities in the statements of cash flows. 32. Dividends Group and Company 30.6.2023 31.12.2021 RM RM Dividends recognised as distribution to ordinary shareholders of the Company: Final single-tier dividend of 0.50 sen per ordinary share in respect of the financial year ended 31 December 2020 on 8 July 2021 - 2,796,892 First interim single-tier dividend of 0.50 sen per ordinary share in respect of the financial year ended 31 December 2021 on 30 September 2021 - 2,796,892 Second interim single-tier dividend of 0.50 sen per ordinary share in respect of the financial year ended 31 December 2021 on 23 December 2021 - 2,796,892 Final single-tier dividend of 0.50 sen per ordinary share in respect of the financial year ended 31 December 2021 on 14 July 2022 2,796,892 - First interim single-tier dividend of 0.50 sen per ordinary share in respect of the financial period ended 30 June 2023 on 15 May 2023 2,796,892 - 5,593,784 8,390,676 The Directors recommend the payment of a final single-tier dividend of 0.50 sen per ordinary share in respect of the current financial period, subject to the approval of the shareholders at the forthcoming Annual General Meeting. The financial statements for the current financial period do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an appropriation of retained earnings in the financial year ending 30 June 2024.
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