Tropicana Corporation Berhad Annual Report 2019

2019 2018 RM’000 RM’000 Cash flows from investing activities Purchase of property, plant and equipment (49,638) (96,250) Purchase of investment properties (400,934) (712) Acquisition of intangible assets – (1,593) Acquisition of minority interest (6,205) – Net cash inflow/(outflow) on acquisition of subsidiaries 14,877 (41,241) Deposit paid on acquisition of a subsidiary (48,400) – Proceeds from disposal of property, plant and equipment 575 12,850 Proceeds from disposal of investment properties 44,745 – Proceeds from disposal of assets held for sale 59,422 – Proceeds from disposal of a joint venture, net – 178,442 Subscription of shares in joint ventures (3,325) (5,378) Advances to an associate (37,177) (15,000) Advances to a joint venture (17,800) – Finance costs paid (1,812) (6,435) Finance income received 18,468 27,792 Net cash (used in)/generated from investing activities (427,204) 52,475 Cash flows from financing activities Payment of borrowing costs (10,497) (10,841) Repayment of principal portion of lease liabilities (5,594) – Drawdown from borrowings 756,777 1,001,281 Repayment of borrowings (610,738) (1,039,627) Repayment of hire purchase (1,264) (1,456) Proceeds from issuance of warrants 8 – Proceeds from issuance of perpetual bond 248,000 – Uplift of debt service reserve, escrow accounts and deposits with licensed banks not available for use 85,675 129,262 Proceeds from issuance of shares to non-controlling interests 11,862 23,366 Redemption of preference shares from non-controlling interests (5,200) – Purchase of treasury shares (26,725) (18,402) Dividends paid to non-controlling interest – (648) Dividends paid to shareholders of the Company (39,963) (23,420) Net cash generated from financing activities 402,341 59,515 Net (decrease)/increase in cash and cash equivalents (130,310) 160,039 Effects of foreign exchange rate changes 65 (19) Cash and cash equivalents at beginning of financial year 721,583 561,563 Cash and cash equivalents at end of financial year (Note 26) 591,338 721,583 pg 127 Tropicana Corporation Berhad Annual Report 2019 Sustainability at Tropicana What We’ve Governed Financial Statements & Other Information