GHL System Berhad Annual Report 2017

ANNUAL REPORT 2017 75 Group Company 2017 2016 2017 2016 Note RM RM RM RM CASH FLOWS FROM FINANCING ACTIVITIES Drawdown of: - bankers’ acceptance 12,000,000 - - - - term loans 4,000,000 1,000,000 - - - Islamic facility - 8,000,000 - - Dividends paid (3,266,537) - (3,266,537) - Proceeds from issuance of ordinary shares pursuant to ESS 3,224,080 2,002,521 3,224,080 2,002,521 Proceeds from resale of treasury shares in open market 1,266,896 - 1,266,896 - Repayments of: - term loans (5,937,135) (1,144,182) - (3,703,500) - Islamic facility (12,000,000) - - - - hire purchase creditors (1,785,624) (1,347,772) (155,730) (112,532) - bankers’ acceptance - (15,000,000) - - Net cash (used in)/from financing activities (2,498,320) (6,489,433) 1,068,709 (1,813,511) Net increase in cash and cash equivalents 27,027,785 22,724,530 7,784,513 4,450,327 Effect of exchange rate changes on cash and cash equivalents (3,969,505) 1,857,843 (609,294) 15,588 Cash and cash equivalents at beginning of financial year 76,887,102 52,304,729 8,910,398 4,444,483 Cash and cash equivalents at end of financial year 20 99,945,382 76,887,102 16,085,617 8,910,398 STATEMENTS OF CASH FLOWS for the financial year ended 31 December 2017 CONT’D The accompanying notes form an integral part of the financial statements.