Group Company Note 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 (Restated) CASH FLOWS FROM INVESTING ACTIVITIES (continued) Acquisition of investments in associates 11(b) (5,187) - - - Withdrawal/(Placement) of deposits with financial institutions with original maturity of more than three (3) months 7,295 (5,174) - - Net cash used in investing activities (843) (4,043) (486) (17,899) CASH FLOWS FROM FINANCING ACTIVITIES Interest paid (1,563) (2,003) (362) (295) Net advances from shareholders/directors 7,225 - - - Proceeds from issuance of ordinary shares through private placement - 9,555 - 9,555 Proceeds from issuance of shares to non-controlling interests 6,286 123 - - Advances from shareholders - 21,190 3,086 21,331 Drawdowns of borrowings 21,509 48,695 - - Repayments of borrowings (25,595) (20,908) - (8,411) Repayments of lease liabilities (1,738) (2,730) - - Net cash from financing activities 6,124 53,922 2,724 22,180 Net increase/(decrease) in cash and cash equivalents 9,562 11,892 (364) 378 Effects of exchange rate changes on cash and cash equivalents (96) 2 (32) * Cash and cash equivalents as at beginning of financial year 21,021 9,127 508 130 Cash and cash equivalents as at end of financial year 20(d) 30,487 21,021 112 508 * Amount is less than RM1,000. STATEMENTS OF CASH FLOWS 87 P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 For the financial year ended 31 December 2021 (cont’d)
RkJQdWJsaXNoZXIy NDgzMzc=