'$" BORROWINGS#(CONT’D") (a) Islamic!Medium!Term!Notes!(cont’d*) The!Sukuk!Wakalah!is!secured!by!third!party!legal!charge!over!the!lands!held!under!inventories!as!disclosed!in!Note!$%!and!Financial! Service!Reserve!Account!as!disclosed!in!Note!"%' According!to!the!Sukuk!subscription!agreements&!the!Group!and!the!Company!are!required!to!deposit!and.or!cause!to!be!deposited! into!the!designated!account!and!amount!equivalent!to!the!principal!payment!due!and!payable!under!respective!tranches!which!shall! be!built!up!in!accordance!with!the!build-up!schedule'! The!proceeds!from!the!issuance!of!the!Sukuk!Wakalah!shall!be!utilised!by!the!Company!for!the!following!Shariah-compliant!purposes! in!the!following!order!of!priority) (i) repayment!of!existing!financing.borrowings!to!unencumber!the!secured!properties*!and (ii) defraying!fees&!costs!and!expenses!in!relation!to!the!issuance!of!the!Sukuk!Wakalah!and!Sukuk!Wakalah!Programme' The!remaining!proceeds!after!(i)!and!(ii)!above!shall!be!utilised!by!the!Company!for!the!following!Shariah-compliant!purposes) (a) capital!expenditure!and.or!investments!(including!but!not!limited!to!the!purchase!of!land(s)&!building(s)&!shares&!property!and. or!payment!into!joint!ventures)!of!the!Company!and.or!its!group!of!companies* (b) working!capital!of!the!Company!and.or!its!group!of!companies* (c) refinancing!of!existing!financing.borrowings!of!the!Company!or!its!group!of!companies*!and.or (d) general!corporate!purpose!of!the!Company!and.or!its!group!of!companies' (b) Changes!in!liabilities!arising!from!financing!activities Group Company +"+$ +"++ +"+$ +"++ RM’""" RM’""" RM’""" RM’"""! At!#!January !$%('$%"+'! +&,-0&/,-! !#%($'%$'"! !$&,#1&,##! Cash!flows !()&&%.')) !($1,&,1,) !((#'%(#") !(%-&1/#)! Disposal!of!subsidiaries!(Note!$,(a)(v)) !(#)#%,+)) –!!! –!! –!! Others ! !($%$#+) !1&",1! –!! –!! At!$#!December !$%#)"%,$'! !+&0/+&#"/! !#%"#,%&)"! !$&0+/&+/#! The!“Others”!represent!transactions!involving!amortisation!of!borrowing!costs' NOTES TO THE FINANCIAL STATEMENTS FOR!THE!FINANCIAL!YEAR!ENDED!'$!DECEMBER!"%"' 274 ANNUAL REPORT 2023
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