227 ANNUAL REPORT 2022 ACCOUNTABILITY STATEMENTS OF CASH FLOWS (CONT’D) For the financial year ended 31 January 2022 Group Company 2022 2021 2022 2021 Note RM million RM million RM million RM million Cash flows from financing activities Dividends paid to owners of the Company 15 (64) (64) (64) (64) Capital reduction to non-controlling interests - (136) - - Capital contribution from non-controlling interests - 93 - - Dividends paid to non-controlling interests 19(b) (62) (104) - - Proceeds of loans from non-controlling interests 171 56 - - Proceeds from disposal of shareholdings in a subsidiary - 109 - - Advances from subsidiaries - - 20 98 Finance costs paid * (270) (369) (52) (1) Drawdown of loans and borrowings 5,038 5,258 1,002 53 Repayment of loans and borrowings (2,700) (3,141) (8) (108) Repayment of lease liabilities (16) (13) (3) - Perpetual securities distribution paid (138) (139) - - Purchase of treasury shares 28 (4) (49) (4) (49) Proceeds from equity-settled share-based options 7 16 7 16 Net cash flows generated from/(used in) financing activities 1,962 1,517 898 (55) Net increase/(decrease) in cash and cash equivalents 118 455 323 (59) Effects of foreign exchange rate changes 48 (12) 3 (1) Cash and cash equivalents at beginning of financial year 1,329 886 7 67 Cash and cash equivalents at end of financial year 26 1,495 1,329 333 7 * Included in the Group’s finance cost paid in the current financial year is finance cost arising from interest rate swaps amounting to RM66 million (2021: RM53 million).
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