Group Company Note 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM FINANCING ACTIVITIES Drawdown from term loans - 41,842 - - Repayments of term loans (89,970) (95,526) - - Drawdown from other bank borrowings 833,456 501,993 15,000 30,000 Repayments of other bank borrowings (737,306) (589,952) (57,449) (54,916) Advances from subsidiaries - - - 38,060 Repayments to subsidiaries - - (1,858) (18,060) Dividends paid to non-controlling interests (5,688) (2,500) - - Lease repayment (principal portion) (16,610) (15,130) - - Net cash used in financing activities (16,118) (159,273) (44,307) (4,916) NET CHANGES IN CASH AND CASH EQUIVALENTS 86,129 684 (4,490) 1,792 CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 218,153 215,526 7,854 6,078 EFFECTS OF EXCHANGE RATE CHANGES 1,213 1,943 (97) (16) CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 305,495 218,153 3,267 7,854 Represented by: TIME DEPOSITS 20 53,081 105,920 1,466 7,453 CASH AND BANK BALANCES 21 275,929 136,053 1,801 1,054 329,010 241,973 3,267 8,507 LESS: TIME DEPOSITS WITH MATURITY MORE THAN 3 MONTHS 20 (23,515) (23,167) - - SHORT TERM INVESTMENTS 20 - (653) - (653) CASH AND CASH EQUIVALENTS 305,495 218,153 3,267 7,854 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Wah Seong Corporation Berhad Annual Report 2022 108
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