Yinson Annual Report 2021

197 ANNUAL REPORT 2021 STATEMENTS OF CASH FLOWS (CONT’D) For the financial year ended 31 January 2021 Group Company 2021 2020 2021 2020 Note RM million RM million RM million RM million Cash flows from financing activities Dividends paid to owners of the Company 15 (64) (65) (64) (65) Capital reduction to non-controlling interests (136) - - - Capital contribution from non-controlling interests 93 - - - Dividends paid to non-controlling interests 19(b) (104) (43) - - Proceeds of loans from non-controlling interests 56 - - - Proceeds from disposal of shareholdings in a subsidiary 47 109 - - - Advances from subsidiaries - - 98 295 Repayment of advances to subsidiaries - - - (324) Finance costs paid* (369) (184) (1) (1) Drawdown of loans and borrowings 5,258 1,249 53 138 Repayment of loans and borrowings (3,141) (556) (108) (126) Repayment of lease liabilities (13) (9) - (1) Proceeds from issuance of perpetual securities - 490 - - Repayment of perpetual securities - (204) - - Perpetual securities distribution paid (139) (124) - - Purchase of treasury shares 28 (49) (81) (49) (81) Proceeds from equity-settled share-based options 16 5 16 5 Net cash flows generated from/(used in) financing activities 1,517 478 (55) (160) Net increase/(decrease) in cash and cash equivalents 455 160 (59) 59 Effects of foreign exchange rate changes (12) 2 (1) 1 Cash and cash equivalent at beginning of financial year 886 724 67 7 Cash and cash equivalents at end of financial year 26 1,329 886 7 67 * Included in finance cost paid in the current financial year is finance cost arising from interest rate swaps amounting to RM53 million. Non-cash transactions (i) In prior financial year, dividend received from subsidiaries of RM223 million excludes dividend received by way of contra of amount owing from a subsidiary of RM123 million.