Fraser & Neave Holdings Bhd Annual Report 2020

155 06 financial statements ANNUAL REPORT 2020 Statements of Cash Flows (Cont’d.) FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020 Group Company Note 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Cash flows from investing activities Acquisition of intangible assets 7 (1,796) (128) – – Acquisition of property, plant and equipment 3 (207,423) (137,711) – – Dividends received 6,221 3,733 278,256 216,953 Interest received 5,463 9,580 20,315 28,998 Investment in a subsidiary 8 – – (10,000) – Investment in a joint venture (500) – (500) – Proceeds from cancelling ordinary shares in a subsidiary 8 – – – 20,000 Proceeds from disposal of intangible assets 83,175 56 – – Proceeds from disposal of plant and equipment 242 277 – – Net cash (used in)/from investing activities (114,618) (124,193) 288,071 265,951 Cash flows from financing activities Dividends paid to owners of the Company 28 (220,067) (210,898) (220,067) (210,898) Drawdown of loans and borrowings – 54,805 – – Interest paid (4,736) (7,991) – – Payment of lease liabilities (24,351) – – – Purchase of shares by SGP Trust 16(C) (7,184) (5,023) (7,184) (5,023) Repayment of loans and borrowings (26,248) (280,162) – – Net cash used in financing activities (282,586) (449,269) (227,251) (215,921) Net (decrease)/increase in cash and cash equivalents (54,601) 4,873 45,948 (84,177) Effects of exchange rate fluctuations on cash and cash equivalents (21,503) 27,754 – – Cash and cash equivalents at 1 October 2019/2018 569,719 537,092 40,332 124,509 Cash and cash equivalents at 30 September 15 493,615 569,719 86,280 40,332 CASH OUTFLOWS FOR LEASES AS A LESSEE Group Company Note 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Included in net cash from operating activities Payment relating to short-term leases 25 3,136 – – – Payment relating to leases of low-value assets 25 1,643 – – – Payment relating to variable lease payments not included in the measurement of lease liabilities 25 11,036 – – – Included in net cash from financing activities Payment of lease liabilities 24,351 – – – Interest paid in relation to lease liabilities 23 1,197 – – – Total cash outflows for leases 41,363 – – –