MISC Integrated Annual Report 2020

32. CASH FLOWS FROM FINANCING ACTIVITIES Group Corporation 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Drawdown of term loans 6,208,196 5,388,187 – – Drawdown of revolving credits 1,245,768 187,111 735,303 – Drawdown of loans from subsidiaries – – 770,366 859,944 Repayment of term loans (2,824,030) (5,992,531) – – Repayment of revolving credits (3,773,994) (1,500) (1,152,114) – Repayment of loan due to subsidiaries – – (756,311) (2,093,029) Dividends (Note 13) (1,473,035) (1,339,123) (1,473,035) (1,339,123) Dividends paid to minority shareholders of subsidiaries (3,000) (3,000) – – Interest paid (414,747) (492,700) (28,013) (128,597) Payment of lease liabilities (316,302) (447,834) (13,896) (13,288) Placement of cash pledged with bank - restricted (37,563) (1,071,301) – – Net cash used in financing activities (1,388,707) (3,772,691) (1,917,700) (2,714,093) 33. RELATED PARTY DISCLOSURES In addition to related party disclosures elsewhere in the financial statements, set out below are other significant related party transactions. The directors are of the opinion that, unless otherwise stated, the transactions below have been entered into in the normal course of business at terms agreed between the parties during the financial year. As the holding company is wholly owned by the MoF, the Group is deemed to be related to entities that are controlled, jointly controlled or significantly influenced by the Government of Malaysia. 33. RELATED PARTY DISCLOSURES (CONT’D.) Group Corporation 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 (a) Income from fellow subsidiaries Freight and charter hire revenue 2,174,576 2,006,230 724,723 676,772 Fabrication services 1,088,599 530,094 – – Finance lease income 344,699 355,117 – – Offshore, maintenance and manpower services 129,246 168,057 49,448 53,459 Marine and consultancy services 35,862 37,072 – – Sungai Udang Port management 22,669 33,755 – – (b) Purchase from fellow subsidiaries Purchase of bunkers, lubricants, spare parts and other materials (72,657) (113,845) (23,551) (61,010) Purchase of service for rental of premises (21,869) (22,202) (20,545) (20,815) Fees for representation in the Board of Directors* (469) (528) (469) (528) (c) Management fee from subsidiaries Fees for representation in the Board of Directors** – – 954 1,090 (d) Purchase of service for repairs, conversion of ships, drydocking and fabrication from a subsidiary – – (3,550) (13,801) (e) Purchase of ship operating and management services from a subsidiary – – (175,655) (164,012) (f) Government of Malaysia’s related entities (i) Provision of shipping and shipping related services Freight revenue – 20,638 – – (ii) Purchase of goods and services Utilities (28,680) (31,157) (4,687) (5,341) (g) Compensation of key management personnel (“KMP”) KMP are defined as persons having authority and responsibility for planning, directing and controlling the activities of the Group and of the Corporation, directly or indirectly, including any director of the Group and of the Corporation. * Fees paid directly to PETRONAS in respect of directors who are appointees of the holding company. ** Fees received from subsidiaries in respect of directors who are appointees of the Corporation. 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 10 422 10 423 /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// Section Section MISC Berhad / Integrated Annual Report 2020 MISC Berhad / Integrated Annual Report 2020

RkJQdWJsaXNoZXIy NDgzMzc=