Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad STATEMENTS OF CASH FLOWS For the financial year ended 31 December 2019 (cont’d) 80 2019 2018 2019 2018 RM RM RM RM Financing activities Dividends paid on ordinary shares (12,279,225) (17,634,518) (12,279,225) (17,634,518) Repayment of hire purchase payables (29,560,732) (24,637,129) - - Proceeds from issuance of shares 9,912,299 13,492,157 9,912,299 13,492,157 Proceeds from conversion of warrants - 172,536 - 172,536 Share issuance expenses (85,114) (90,561) (85,114) (90,561) Drawdown of loans and borrowings 570,507,089 253,848,170 - - Repayment of loans and borrowings (427,869,975) (146,667,937) - - (Repayment to)/advances from joint ventures (3,179,669) 11,633,528 - - Repayment from subsidiaries - - 15,025,356 - Repayment of lease liabilities (3,450,600) - - - Uplift of pledged deposits 48,611 2,894,559 - - Net cash flows generated from/(used in) financing activities 104,042,684 93,010,805 12,573,316 (4,060,386) Net increase/(decrease) in cash and cash equivalents 22,728,493 (65,651,156) (1,812,585) (1,858,068) Effect of exchange rate changes on cash and cash equivalents 864,817 (708,751) - - Cash and cash equivalents at 1 January (4,858,733) 61,501,174 2,400,916 4,258,984 Cash and cash equivalents at 31 December (Note 22) 18,734,577 (4,858,733) 588,331 2,400,916 Company Group The accompanying accounting policies and explanatory notes form an integral part of the financial statements.