7 127 126 Statements of Cash Flows for the year ended 31 March 2023 Note Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Cash generated from/(used in) operations (continued) 756,275 636,476 21,726 (81,054) Dividends from liquid investments 22 76 21 73 Income taxes paid (115,493) (88,983) (1,219) (90) Interest paid (29,959) (19,134) (7,689) (4,602) Interest received 7,760 7,780 31,749 39,105 Net cash generated from/(used in) operating activities 618,605 536,215 44,588 (46,568) Cash flows from investing activities Acquisition of: - investment properties 5 (964) (1,807) - - - intangible assets 6 (177) (446) - - - property, plant and equipment 3 (232,997) (211,745) - - - leasehold land 4 (6,180) (8,042) - - Advances from subsidiaries - - 207,977 130,943 Change in pledged deposits (4) (83) - - Deposit received from sale of asset held for sale 3,090 - - - Dividends received from: - associates 605 394 - - - subsidiaries - - 176,932 172,607 Addition of investment in associate (3,200) - - - Net proceeds from disposal of subsidiaries 35.2 - 14,438 - - Proceeds from disposal of property, plant and equipment 8,303 8,921 - - Proceeds from disposal of investment properties 120 219 - - Net cash (used in)/generated from investing activities (231,404) (198,151) 384,909 303,550 Cash flows from financing activities Acquisition of non-controlling interests 35.1 (13,099) (7,086) - - Dividends paid to: - non-controlling interests (10,691) (10,922) - - - owners of the Company 28 (170,356) (85,178) (170,356) (85,178) Interest paid (34,516) (32,587) (18,630) (21,855) Proceeds from: - term loans and revolving credit 191,813 221,125 109,369 209,053 Payment of lease liabilities (iii) (29,141) (28,844) - - Repayment of: - term loans and revolving credit (449,220) (370,238) (346,510) (355,764) - hire purchase liabilities - (124) - - - supplier factoring facilities (624) (32,910) - - Net cash used in financing activities (515,834) (346,764) (426,127) (253,744) Net (decrease)/increase in cash and cash equivalents (128,633) (8,700) 3,370 3,238 Cash and cash equivalents at 1 April 2022/2021 471,821 480,521 14,915 11,677 Cash and cash equivalents at 31 March (ii) 343,188 471,821 18,285 14,915 Statements of Cash Flows for the year ended 31 March 2023 NOTES TO THE STATEMENTS OF CASH FLOWS (i) Non-cash transactions Investing activities Company In the previous year, the Company subscribed shares in subsidiaries amounting to RM54,739,000 of which RM54,739,000 was satisfied via capitalisation of debts. (ii) Cash and cash equivalents Cash and cash equivalents included in the statements of cash flows comprise the following statements of financial position amounts: Note Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Cash and bank balances 323,060 420,535 17,110 13,920 Deposits placed with licensed banks 15,590 35,414 316 310 Liquid investments 7,849 25,182 859 685 16 346,499 481,131 18,285 14,915 Bank overdrafts 19 (3,121) (9,124) - - Pledged deposits 16 (190) (186) - - 343,188 471,821 18,285 14,915 (iii) Cash outflows for leases as a lessee Note Group 2023 RM’000 2022 RM’000 Included in net cash from operating activities: Payment relating to short-term leases 23 9,699 8,361 Payment relating to leases of low-value assets 23 823 1,006 Payment relating to variable lease payments not included in the measurement of lease liabilities 23 1,571 1,894 Interest paid in relation to lease liabilities 24 7,796 7,389 Included in net cash from financing activities: Payment of lease liabilities 29,141 28,844 Total cash outflows for leases 49,030 47,494
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