!," INVESTMENTS#IN#SUBSIDIARIES#(CONT’D") Financial!information!of!subsidiaries!that!have!material!non-controlling!interests!are!provided!below'!The!financial!information!presented! below!are!amounts!before!inter-company!elimination)!(cont’d') (iii) Summarised!statements!of!cash!flows TISB TISB TDBSB! TDBSB TSDSB TSDSB LWBSB LWBSB !+"+$! !+"++ !+"+$! !+"++ !+"+$! !+"++! !+"+$! !+"++! RM’""" RM’""" !RM’""" RM’""" RM’""" RM’""" RM’""" RM’""" Net!cash!generated!from. (used!in)!operating!activities !!#,%""#! !$#&+/"! !'%+,"! !("&1/1) !(#! !(//-) !#,,! !(/&$$$)! Net!cash!(used!in).generated from!investing!activities !('$') !(,-") !+'! !($/) !– –! !– –! Net!cash!used!in!financing! activities !()'%#"() !(-&/1#) !–! – !–! –! !–! !– Net!(decrease).increase!in cash!and!cash!equivalents !(+&%&)#) !(,#) !'%$#'! !("&1%-) !(#! !(//-) !#,,! !(/&$$$) Cash!and!cash!equivalents at!beginning!of!financial!year !.+%("'! !,"&0,/! !#"%&..! !$+&$/0! !$.! !/-0! !+.,! !/&1##! Cash!and!cash!equivalents at!end!of!financial!year !'&%"&)! !,"&0#/! !#&%""$! !$#&%,,! !#",! !+,! !)..! !",-! (a) Group!restructuring During!the!financial!year&!the!Group!and!the!Company!executed!and!completed!an!internal!Group!restructuring!scheme!involving! the!following) (i) Tropicana!Indah!Realty!Sdn!Bhd!(“TIRSB”)!completed!the!capitalisation!of!debts!amounting!to!RM+$&%%%&,00!owed!by!its! 0#3!owned!subsidiary&!TISB!by!way!of!issuance!of!Redeemable!Non-Cumulative!Preference!Shares!(“RNCPS”)!at!an!issue! price!of!RM$!each'!Subsequent!to!the!capitalisation&!the!Company!also!completed!the!capitalisation!of!debts!amounting!to! RM+$&%%%&,00!owed!by!TIRSB!by!way!of!issuance!of!RNCPS!at!an!issue!price!of!RM$!each' (ii) On!$0!January!"#"+&!the!Company!acquired!the!balance!of!0!ordinary!shares!in!Bestari!Zamrud!Sdn!Bhd!(“BZSB”)!for!a! total!cash!consideration!of!RM0'!On!$/!May!"#"+&!Tropicana!Makmur!Peluang!Sdn!Bhd!divested!its!"!ordinary!shares!in! BZSB!representing!"#3!of!the!total!paid-up!capital&!for!a!total!cash!consideration!of!RM"!to!the!Company'!Following!the! completion!of!the!acquisition!and!divestment&!BZSB!has!become!a!wholly-owned!subsidiary!of!the!Company'! (iii) On!-!November!"#"+&!the!Company!completed!a!capital!reduction!exercise!to!reduce!its!investment!in!an!indirect!whollyowned!subsidiary&!Tropicana!Gems!Education!Sdn!Bhd!by!cancelling!1-&###&###!RNCPS&!all!of!which!are!held!by!the!Company! amounting!to!RM1-&###&###' (iv) On!$/!November!"#"+&!the!Company!had!partially!redeemed!the!RNCPS!issued!by!Tropicana!Kajang!Hill!Sdn!Bhd!(“TKHSB”)! for!RM+#&###&###!by!o(setting!of!amounts!owing!by!the!Company!to!TKHSB' 245 FINANCIAL STATEMENTS & OTHER INFORMATION
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