FINANCIAL STATEMENTS Group Company 2022 2021 2022 2021 Note RM’000 RM’000 RM’000 RM’000 Cash flows from financing activities Advances to joint ventures - (1,996) - - Dividends paid (45,484) (79,002) (45,484) (79,002) Drawdown of block discounting 16,320 1,773 - - Drawdown of sukuk wakalah 150,000 - 150,000 - Drawdown of term loans 90,000 - 90,000 - Drawdown of revolving credit 80,000 20,600 80,000 - Increased in fixed deposit pledged with licensed bank (4,159) (2,834) (3,113) (342) Increased in fixed deposits with tenure more than 3 months (2) - - - Interest paid (9,294) (6,786) (6,539) (5,581) Proceeds from issuance of ordinary share - 238,833 - 238,833 Purchase of treasury shares (24,278) (77,929) (24,278) (77,929) Repayment of lease liabilities B (6,889) (4,448) (289) (535) Repayment of term loans (47,807) (21,703) (47,807) (21,703) Repayment of block discounting (6,002) (5,641) - - Advances to associates (6) (32) (2) - Advances to subsidiaries E - - (282,712) (76,313) Net cash from/(used in) financing activities 192,399 60,835 (90,224) (22,572) Net cash (decrease)/increase in cash and cash equivalents (17,034) (148,124) 3,458 (63,634) Cash and cash equivalents at the beginning of the financial year 73,698 221,866 31,993 95,612 Effect of exchange translation differences on cash and cash equivalents 17 (44) - 15 Cash and cash equivalents at the end of the financial year 56,681 73,698 35,451 31,993 STATEMENTS OF CASH FLOWS For the Financial Year Ended 31 December 2022 (cont’d) 157
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