PRG Holdings Berhad Annual Report 2018

Group Company Note 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of: - property, plant and equipment 7 (5,188) (6,980) - - - intangible assets 8 - (35) - - Advances to subsidiaries - - (9,955) (6,775) Repayment to a joint venture (1,307) (34) - - Advances to associates - (212) - - Dividends received from a joint venture 11 291 440 - - Dividends received from subsidiaries - - - 9,041 Interest received 572 258 1 33 Proceeds from disposals of property, plant and equipment 1,674 4,292 - 308 Proceeds from partial disposal of a subsidiary 15,909 - 15,909 - Net cash outflow from partial disposal of a subsidiary 9(e)(xiii) - (4,668) - - Acquisition of additional interest in a subsidiary - - (250) - Acquisition of investments in associates (3,755) (250) - - Deposits withdrawn from/(placed with) financial institutions with original maturity of more than three (3) months 1,170 (1,822) - - Withdrawal/(Placement) of restricted cash 505 (70) - - Net cash from/(used in) investing activities 9,871 (9,081) 5,705 2,607 CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid to owners of the parent 28 - (1,490) - (1,490) Interest paid (1,177) (3,095) - (7) Proceeds from issuance of ordinary shares pursuant to exercise of warrants 1,296 1,600 1,296 1,600 Proceeds from issuance of shares to non-controlling interests 122 34,109 - - Drawdowns of borrowings 21,329 24,798 15,192 - Repayments of borrowings (7,998) (42,693) - (157) Repayments of hire purchase creditors (1,640) (1,447) - (298) Net cash from/(used in) financing activities 11,932 11,782 16,488 (352) Net (decrease)/increase in cash and cash equivalents (11,869) 21,444 373 (96) Effects of exchange rate changes on cash and cash equivalents 216 (1,026) * * Cash and cash equivalents as at beginning of financial year 37,421 17,003 128 224 Cash and cash equivalents as at end of financial year 17(e) 25,768 37,421 501 128 Reconciliation of liabilities arising from financing activities Borrowings at 1 January ** 28,569 50,293 - 455 Cash flows 11,691 (19,342) 15,192 (455) Repayment of term loan with restricted cash (2,198) - - - Non-cash flows: - Acquisition of property, plant and equipment 113 793 - - - Partial disposal of a subsidiary - (2,568) - - - Effect of foreign exchange (164) (607) (132) - Borrowings at 31 December ** 20 38,011 28,569 15,060 - * Amount is less than RM1,000. ** Borrowings exclude bank overdraft. 2018 A N N U A L R E P O R T 80 statements of cash flows for the financial year ended 31 December 2018 (continued) The accompanying notes form an integral part of the financial statements.