186 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 Note Group Company 2023 RM million 2022 RM million (Restated) 2023 RM million 2022 RM million Cash flows from financing activities Dividends paid to owners of the Company 15 (87) (64) (87) (64) Proceeds from rights issue, net of transaction costs 1,180 - 1,180 - Dividends paid to non-controlling interests 19(b) (70) (62) - - Proceeds of loans from non-controlling interests - 171 - - Advances from subsidiaries - - 46 20 Repayment of advances to subsidiaries - - (10) - Finance costs paid * (461) (270) (115) (52) Drawdown of loans and borrowings 1,588 5,038 17 1,002 Repayment of loans and borrowings (920) (2,700) - (8) Repayment of lease liabilities (23) (16) (3) (3) Proceeds from issuance of perpetual securities 358 - 358 - Redemption of perpetual securities (465) - - - Perpetual securities distribution paid (141) (138) - - Purchase of treasury shares 28 (191) (4) (191) (4) Proceeds from equity-settled share-based options 13 7 13 7 Net cash flows generated from financing activities 781 1,962 1,208 898 Net (decrease)/increase in cash and cash equivalents (1,485) 882 (207) 323 Effects of foreign exchange rate changes 132 72 (5) 3 Cash and cash equivalents at beginning of financial year 2,775 1,821 333 7 Cash and cash equivalents at end of financial year 26 1,422 2,775 121 333 * Included in the Group’s finance cost paid is finance cost relating to interest rate swaps of RM10 million received in the current financial year and RM66 million paid in the previous financial year. STATEMENTS OF CASH FLOWS (CONT’D) For the financial year ended 31 January 2023
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