Group Company Note 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of term loans (25,832) (89,970) - - Drawdown from other bank borrowings 1,064,743 833,456 10,000 15,000 Repayments of other bank borrowings (1,084,438) (737,306) (24,766) (57,449) Repayment of fixed rate notes (1,396) - - - Net advances/(repayments) to subsidiaries - - 488 (1,858) Dividends paid to non-controlling interests (6,838) (5,688) - - Lease payment (principal portion) (22,006) (16,610) - - Net cash used in financing activities (75,767) (16,118) (14,278) (44,307) NET CHANGES IN CASH AND CASH EQUIVALENTS 77,585 86,129 282 (4,490) CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 305,495 218,153 3,267 7,854 EFFECTS OF EXCHANGE RATE CHANGES 3,596 1,213 50 (97) CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 386,676 305,495 3,599 3,267 Represented by: TIME DEPOSITS 19 103,181 53,081 684 1,466 CASH AND BANK BALANCES 20 307,163 275,929 2,915 1,801 410,344 329,010 3,599 3,267 LESS: TIME DEPOSITS WITH MATURITY MORE THAN 3 MONTHS 19 (23,668) (23,515) - - CASH AND CASH EQUIVALENTS 386,676 305,495 3,599 3,267 Statements of Cash Flows FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 169 Wasco Berhad
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