STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023 (continued) Group Company 2023 2022 2023 2022 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM INVESTING ACTIVITIES Change in pledged deposits 250 353 - - Acquisition of property, plant and equipment 5(b) (1,201) (370) - - Net advances to subsidiaries - - (1,467) (1,966) Proceeds from disposals of: - property, plant and equipment 271 124 - - - other investments - 173 - - Dividend received from other investments - 1 - - Net cash (used in)/from investing activities (680) 281 (1,467) (1,966) CASH FLOWS FROM FINANCING ACTIVITIES Interest paid (122) (201) - - Dividend paid 25 (2,154) - - - Payment of lease liabilities (430) (571) - - Repayment of term loans (403) (4,875) - - Payment of hire purchase liabilities (114) (44) - - Net drawdown of bankers’ acceptance 2,271 2,402 - - Proceeds from issuance of shares pursuant to ESOS 886 46 886 46 Net cash (used in)/from financing activities (66) (3,243) 886 46 Net increase in cash and cash equivalents 7,503 5,299 35 5 Cash and cash equivalents at beginning of the financial year 3,576 (1,723) 57 52 Cash and cash equivalents at end of the financial year 16 11,079 3,576 92 57 ANNUAL REPORT 2023 SASBADI HOLDINGS BERHAD 90 Financial Statements (continued)
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