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financiAL STATEMENTs

Annual Report 2017

97

STATEMENTS OF CASH FLOWS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2017

Group

Company

2017

2016

2017

2016

RM’000

RM’000

RM’000

RM’000

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(5,302)

(10,796)

(21)

(26)

Additions to biological assets

(8,682)

(6,985)

-

-

Proceeds from disposal of property, plant and equipment

-

71

-

-

Proceeds from plantation investment compensation

-

711

-

-

Acquisition of subsidiary, net cash acquired

-

(4,162)

-

-

Repayment of obligations under finance lease

(645)

(442)

-

-

Dividends received

1,864

-

22,509

47,125

Net cash (used in)/generated from investing activities

(12,765)

(21,603)

22,488

47,099

CASH FLOWS FROM FINANCING ACTIVITIES

Placement of deposits

(23,000)

-

-

-

Dividends paid

(30,144)

(30,174)

(30,144)

(30,174)

Acquisition of treasury shares

(392)

(185)

(392)

(185)

Dividends paid by a subsidiary to non-controlling interests

-

(7,911)

-

-

Redemption of loan stocks investment

-

-

-

24,900

Subscription of loan stocks investment

-

-

(10,000)

(23,000)

Net cash used in financing activities

(53,536)

(38,270)

(40,536)

(28,459)

NET INCREASE/(DECREASE) IN CASH

AND CASH EQUIVALENTS

129,982

4,005

(18,746)

(154)

Effect of exchange rate changes in cash and cash equivalents

5,734

948

-

-

CASH AND CASH EQUIVALENTS AT

BEGINNING OF YEAR

177,593

172,640

39,356

39,510

CASH AND CASH EQUIVALENTS AT END OF YEAR (NOTE 21)

313,309

177,593

20,610

39,356

The accompanying accounting policies and explanatory notes form an integral part of the financial statements.