Bank Islam Integrated Annual Report 2023

The notes on pages 275 to 404 are an integral part of these financial statements. Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property and equipment (84,147) (95,485) (82,962) (94,887) Purchase of intangible assets (11,874) – (11,874) – Acquisition of subsidiaries, net of cash acquired (29,239) – (243,144) – Proceeds from disposal of property and equipment 17 68 – – Dividend from subsidiary – – 80,000 3,000 Dividend from financial assets at FVTPL 4,088 10,065 3,380 9,598 Dividend from financial assets at FVOCI – 237 – 237 Income from rebate on investment in unit trust – 1,915 648 1,915 Net proceeds from disposal/(purchase) of securities (1,031,433) (9,159) (821,020) (14,644) Net cash used in investing activities (1,152,588) (92,359) (1,074,972) (94,781) CASH FLOWS FROM FINANCING ACTIVITIES Issuance of subordinated sukuk and capital securities 400,000 500,000 400,000 500,000 Dividends paid on ordinary shares (300,444) (226,893) (300,444) (226,893) Proceeds from issuance of ordinary shares pursuant to Dividend Reinvestment Plan 243,682 199,286 243,682 199,286 Redemption of subordinated sukuk (300,000) (300,000) (300,000) (300,000) Finance cost paid on subordinated sukuk and capital securities (93,888) (83,132) (93,888) (83,132) Payments of lease liabilities (31,756) (30,240) (31,257) (29,669) Net cash (used)/generated from financing activities* (82,406) 59,021 (81,907) 59,592 Net (decrease)/increase in cash and cash equivalents (2,427,635) 1,911,202 (2,447,328) 1,912,747 Cash and cash equivalents at 1 January 7,145,114 5,222,848 7,128,159 5,204,364 Exchange difference on translation (3,014) 11,064 (2,588) 11,048 Cash and cash equivalents at 31 December 4,714,465 7,145,114 4,678,243 7,128,159 * Net cash generated from financing activities are solely attributable to changes from financing cash flows. 272 Statements of Cash Flow for the financial year ended 31 December 2023 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2023

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