FGV Annual Report 2020

Group Financial Review Group 2020 RM’000 2019 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (continued) Cash generated from operation 1,848,270 1,960,511 Finance income 39,612 25,085 Taxation paid (118,340) (109,501) Zakat paid (16,300) (6,397) Tax refunded 4,800 155,476 Retirement benefit paid (2,363) (17,057) Payment for litigation loss - (32,674) Net cash generated from operating activities 1,755,679 1,975,443 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (435,536) (620,894) Purchase of right-of-use assets - (4,860) Purchase of intangible assets (3,337) (3,262) Additions of financial assets at fair value through other comprehensive income (3,521) (8,034) Additions of financial assets at fair value through profit or loss (net) (13,278) (23,781) Net cash inflow from disposal of subsidiaries - 77,347 Net cash inflow from acquisition of subsidiaries 207 - Additional investment in subsidiaries (1,076) - Additional investment in a joint venture (1,274) (6,584) Repayment of loans from joint ventures - 22,510 Payment for asset retirement (52) (63) Proceeds from disposal of property, plant and equipment 4,830 385 Proceeds from disposal of assets held for sale 54,522 - Proceeds from disposal of an associate - 29,000 Proceeds from disposal of financial assets at fair value through comprehensive income 14,007 - Proceeds from sales of financial assets at fair value through profit or loss (net) - 8,731 Dividends received from joint ventures 16,401 42,895 Dividends received from associates 3,437 1,167 Dividends received from financial assets at fair value through other comprehensive income 2,814 1,394 Net cash used in investing activities (361,856) (484,049) CASH FLOWS FROM FINANCING ACTIVITIES Repayment of loans due to an ultimate holding company (310) (272,605) Drawdown of borrowings 8,959,653 4,474,502 Repayment of borrowings (9,586,469) (4,699,230) Payments of lease liabilities (43,676) (39,121) Repayment of LLA liability (260,812) (248,683) Dividends paid to shareholders (72,963) - Dividends paid to non-controlling interests (91,861) (82,395) Finance expense paid (175,980) (221,921) Purchase of treasury shares (2,620) (3,186) (Increase)/decrease in restricted cash (14,562) 75,169 Net cash used in financing activities (1,289,600) (1,017,470) NET INCREASE IN CASH AND CASH EQUIVALENTS 104,223 473,924 Effect of foreign exchange rate changes (7,100) (1,644) CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR 1,568,447 1,096,007 (Increase)/decrease in assets held for sale (113) 160 CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 1,665,457 1,568,447 STATEMENTS OF CASH FLOWS (continueD) 56 FGV HOLDINGS BERHAD Annual Integrated Report 2020