KENANGA ANNUAL REPORT 2019

129 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Group Bank Note 2019 RM'000 2018 RM'000 2019 RM'000 2018 RM'000 Cash flows from investing activities Net cash outflow on acquisition of a subsidiary 13 (25,383) - - - Dividend income from investments 32(b) 1,384 1,302 1,243 1,098 Purchase of property, plant and equipment 16 (9,143) (10,330) (8,344) (9,500) Purchase of intangible assets 17 (4,701) (21) (4,651) - Proceeds from disposal of property, plant and equipment and intangible assets 23 93 23 93 Additional investment in a joint venture 15 (10,000) (10,000) (10,000) (10,000) Net sale/(purchase) of securities 806,475 (333,290) 805,515 (339,785) Net cash generated from/(used in) investing activities 758,655 (352,246) 783,786 (358,094) Cash flows from financing activities Dividend paid 45 (7,686) (21,653) (7,686) (21,653) Issuance of new shares 27 - 112 - 112 Rental/lease payments (principal) (8,341) - (7,519) - Net (repayment)/drawdown of borrowings (22,700) 29,300 (11,200) 8,800 Buy-back of shares 27 (182) (16,808) (182) (16,808) Net cash used in financing activities (38,909) (9,049) (26,587) (29,549) Net increase/(decrease) in cash and cash equivalents 742,386 (46,705) 763,376 21,513 Effect of exchange rate differences 1 1 - - Cash and cash equivalents at beginning of financial year 1,096,373 1,143,077 1,053,573 1,032,060 Cash and cash equivalents at end of financial year 5 1,838,760 1,096,373 1,816,949 1,053,573 Cash and cash equivalents comprise the followings (Note 5): Cash and balances with banks 1,990,155 1,260,864 1,777,150 1,116,117 Deposits and placements with banks and other financial institutions 72,902 90,396 100,000 - Less: Monies and short-term deposits held in trust on behalf of dealers' representatives (60,201) (62,544) (60,201) (62,544) Less: Segregated funds from customers (164,096) (192,343) - - 1,838,760 1,096,373 1,816,949 1,053,573 The accompanying notes form an integral part of these financial statements.