Annual Report 2020

Group Company Note 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Cash flows from financing activities Acquisition of non-controlling interests (5,202) (16,549) — — Advances to subsidiaries — — (137,850) (23,075) Dividends paid to non-controlling interests (6,292) (5,768) — — Dividends paid to owners of the Company 29 (73,010) (73,010) (73,010) (73,010) Interest paid (47,428) (40,997) (37,383) (35,511) Proceeds from government grant 3 2,136 2,532 — — Proceeds from term loans and revolving credit 568,617 405,835 536,731 277,816 Repayment of term loans and revolving credit (526,978) (307,098) (424,315) (220,766) Payment of lease liabilities (iv) (12,169) — — — Repayment of hire purchase liabilities (v) (32) (132) — — Net cash used in financing activities (100,358) (35,187) (135,827) (74,546) Net increase/(decrease) in cash and cash  equivalents 19,454 (40,187) 6,441 13,514 Cash and cash equivalents at  1 April 2019/2018 242,096 282,283 23,610 10,096 Cash and cash equivalents at 31 March (iii) 261,550 242,096 30,051 23,610 Notes to the statements of cash flows (i) Acquisition of property, plant and equipment During the financial year, the Group acquired property, plant and equipment with an aggregate cost of RM358,975,000 (2019: RM305,862,000), of which RM350,000 (2019: RM209,000) were acquired by means of hire purchase arrangements. (ii) Non-cash transactions Investing activities Company In the previous financial year, the Company subscribed shares in subsidiaries amounting to RM87,320,000 of which RM14,020,000 was satisfied via capitalisation of debts and the remaining was satisfied via cash. A Milestone on Our Sustainable Growth Journey 109