Kimlun Corporation Berhad Annual Report 2020

STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 200901023978 (867077-X) Statements of cash flows (cont'd) or the financial year ended 31 December 2020 2020 2019 2020 2019 RM RM RM RM Financing activities Dividends paid on ordinary shares (11,213,428) (12,279,225) (11,213,428) (12,279,225) Repayment of hire purchase payables (25,769,898) (29,560,732) - - Proceeds from issuance of shares 8,744,764 9,912,299 8,744,764 9,912,299 Share issuance expenses (79,109) (85,114) (79,109) (85,114) Drawdown of loans and borrowings 575,800,217 570,507,089 - - Repayment of loans and borrowings (536,986,077) (427,869,975) - - Repayment to joint ventures (3,191,227) (3,179,669) - - Repayment of lease liabilities (3,441,737) (3,450,600) - - Repayment from subsidiaries - - 6,374,639 15,025,356 Uplift of pledged deposits 376,731 48,611 - - Net cash flows generated from financing activities 4,240,236 104,042,684 3,826,866 12,573,316 Net increase/(decrease) in cash and cash equivalents 15,396,590 22,728,493 (444,233) (1,812,585) Effect of exchange rate changes on cash and cash equivalents (1,087,285) 864,817 - - Cash and cash equivalents at 1 January 18,734,577 (4,858,733) 588,331 2,400,916 Cash and cash equivalents at 31 December (Note 22) 33,043,882 18,734,577 144,098 588,331 Company The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Group - 25 - Annual Report 2020 082