FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 23 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Group Company Note 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 CASH FLOWS FROM INVESTING ACTIVITIES (CONTINUED) Balance brought forward (1,390,918) (1,002,022) (7,985) (3,487) Additional investment in subsidiaries - - (2,032) (2,696) Additional loans to subsidiaries - - (1,238,897) (864,573) Repayment of loans from subsidiaries - - 955,600 874,392 Repayment of advances from subsidiaries - - - 172,626 Advances to subsidiaries - - - (30,748) Payment for asset retirement (317) (26) - - Proceeds from disposal of property, plant and equipment 11,800 5,029 - 96 Proceeds from disposal of assets held for sale 25,063 11,300 - - Accretion of interest in a subsidiary by non-controlling interest 1,400 - - - Proceeds from sales of financial assets at fair value through profit or loss 467,223 220,309 - - Proceeds from sales of financial assets at fair value through other comprehensive income - 4,648 - - Proceeds from sales of biological assets 649 279 - - Dividends received from subsidiaries - - 635,459 334,911 Dividends received from joint ventures 12,325 26,428 - - Dividends received from associates 2,719 3,156 - - Dividends received from financial assets at fair value through other comprehensive income 3,258 7,046 - - Net cash (used in)/generated from investing activities (866,798) (723,853) 342,145 480,521
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