Section 8 UEM Edgenta Berhad FINANCIAL STATEMENTS 276 STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Cash flows from financing activities Issuance of shares to non-controlling interest 466 - - - Drawdown of borrowings 125,863 428,437 35,000 275,000 Repayment of borrowings (96,463) (408,614) (2,000) (275,000) Repayment of lease liabilities (11,639) (7,251) (11,043) (7,073) Dividends paid (33,265) (24,949) (33,265) (24,949) Capital repayment to a non-controlling shareholder of a subsidiary (3,600) - - - Dividends paid to non-controlling shareholders of subsidiaries - (150) - - Net withdrawal/(placement) of pledged fixed deposits 2,484 (7,512) - - Net cash flows used in financing activities (16,154) (20,039) (11,308) (32,022) Net (decrease)/increase in cash and cash equivalents (31,249) 39,042 (58,981) 11,832 Net foreign exchange difference 15,273 (489) (62) - Cash and cash equivalents at beginning of year 593,313 554,760 62,289 50,457 Cash and cash equivalents at end of year (Note a) 577,337 593,313 3,246 62,289 (a) Cash and cash equivalents comprise: Cash in hand and at banks 421,716 478,242 1,746 53,289 Fixed deposits with licensed banks 194,100 131,244 1,500 9,000 Cash, bank balances and deposit (Note 27) 615,816 609,486 3,246 62,289 Add: Cash and bank of disposal group (Note 28) 12,046 35,840 - - Less: Fixed deposits on lien (4,763) (4,219) - - Less: Fixed deposits pledged (20,686) (22,160) - - Less: Cash and fixed deposit restricted in usage (25,076) (25,634) - - 577,337 593,313 3,246 62,289 (b) In the previous financial year, included in the purchase of intangible assets of the Group and the Company amounted to RM0.9 million relates to amounts paid for intangible assets that had been capitalised in prior years. The accompanying accounting policies and explanatory information form an integral part of the financial statements.
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