KENANGA ANNUAL REPORT 2018

116 KENANGA INVESTMENT BANK BERHAD STATEMENTS OF CASH FLOWS For the financial year ended 31 December 2018 Group Bank 2018 2017 2018 2017 Note RM’000 RM’000 RM’000 RM’000 Cash flows from investing activities Acquisition of non-controlling interest - (10,050) - (10,050) Dividend received in respect of pre-acquisition profits - - - 4,536 Net acquisition of additional shares in an existing subsidiary 14 - (10,050) - (5,514) Dividend income from investments 32(b) 1,302 1,897 1,098 7,121 Purchase of property, plant and equipment 17 (10,330) (17,452) (9,500) (15,101) Purchase of intangible assets 18 (21) (200) - - Proceeds from disposal of property, plant and equipment and intangible assets 93 131 93 89 Additional investment in a joint venture 16 (10,000) (12,500) (10,000) (12,500) Net purchase of securities (333,290) (223,259) (339,785) (223,480) Net cash used in investing activities (352,246) (261,433) (358,094) (249,385) Cash flows from financing activities Dividend paid 45 (21,653) (16,257) (21,653) (16,257) Issuance of new shares 27 112 - 112 - Net drawdown/(repayment) of borrowings 29,300 (75,700) 8,800 (46,200) Buy-back of shares 27 (16,808) - (16,808) - Net cash used in financing activities (9,049) (91,957) (29,549) (62,457) Net (decrease)/increase in cash and cash equivalents (46,705) 101,393 21,513 140,646 Effect of exchange rate differences 1 - - - Cash and cash equivalents at beginning of financial year 1,143,077 1,041,684 1,032,060 891,414 Cash and cash equivalents at end of financial year 6 1,096,373 1,143,077 1,053,573 1,032,060 Cash and cash equivalents comprise the followings (Note 6): Cash and balances with banks 1,260,864 1,106,958 1,116,117 892,544 Deposits and placements with banks and other financial institutions 90,396 240,559 - 200,000 Less: Monies and short-term deposits held in trust on behalf of dealers’ representatives (62,544) (60,484) (62,544) (60,484) Less: Segregated funds from customers (192,343) (143,956) - - 1,096,373 1,143,077 1,053,573 1,032,060 The accompanying notes form an integral part of these financial statements.