STATEMENTS OF CASH FLOWS - GROUP FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 (CONT’D.) 2022 2021 RM’000 RM’000 Cash flows from financing activities Payment of borrowing costs (8,172) (10,904) Repayment of principal portion of lease liabilities (1,289) (3,599) Prepaid lease (622) (3,783) Advances from a shareholder 115,151 – Drawdown from a borrowings 350,896 782,370 Repayment of borrowings (499,744) (755,854) Proceeds from issuance of perpetual bond 130,000 270,000 Proceeds from issuance of Islamic Medium Term Notes – 293,000 (Placement)/uplift of debt service reserve, escrow accounts and deposits with licensed banks not available for use (182,179) 13,498 Proceeds from issuance of shares to non-controlling interests 5,600 19,452 Proceeds from issuance of ordinary shares – 1,846 Purchase of treasury shares (2,337) (19,221) Perpetual bond distribution paid (39,935) (17,455) Net cash (used in)/generated from financing activities (132,631) 569,350 Net (decrease)/increase in cash and cash equivalents (172,300) 31,342 Effects of foreign exchange rate changes (324) 265 Cash and cash equivalents at beginning of financial year 435,699 404,092 Cash and cash equivalents at end of financial year (Note 26) 263,075 435,699 1 Included in trade and other receivables are deposits paid for the acquisitions of land amounting to RM nil (2021: RM33,454,000). 2 Included in inventories are cash consideration paid for the acquisitions of land amounting to RM nil (2021: RM362,245,000). 166 ANNUAL REPORT 2022
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