KENANGA ANNUAL REPORT 2020

133 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD Group Bank Note 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Cash flows from investing activities Net cash outflow on acquisition of a subsidiary - (25,383) - - Dividend income from investments 32(b) 4,040 1,384 3,934 1,243 Purchase of property, plant and equipment 16 (8,332) (9,143) (6,956) (8,344) Purchase of intangible assets 17 (8,014) (4,701) (5,874) (4,651) Proceeds from disposal of property, plant and equipment and intangible assets 24 23 24 23 Additional investment in a joint venture 15 - (10,000) - (10,000) Net (purchase)/sale of securities (18,151) 806,475 (18,505) 805,515 Net cash (used in)/generated from investing activities (30,433) 758,655 (27,377) 783,786 Cash flows from financing activities Dividend paid 45 (22,707) (7,686) (22,707) (7,686) Rental/lease payments (principal) (8,023) (8,341) (6,922) (7,519) Net drawdown/(repayment) of borrowings 78,800 (22,700) 85,800 (11,200) Proceeds from exercise of ESS 5,132 - 5,132 - Buy-back of shares 27 - (182) - (182) Proceed from new issuance of a subsidiary’s share to a non-controlling shareholder 4,900 - - - Net cash generated from/(used in) financing activities 58,102 (38,909) 61,303 (26,587) Net (decrease)/increase in cash and cash equivalents (554,363) 742,386 (560,825) 763,376 Effect of exchange rate differences - 1 - - Cash and cash equivalents at beginning of financial year 1,838,760 1,096,373 1,816,949 1,053,573 Cash and cash equivalents at end of financial year 5 1,284,397 1,838,760 1,256,124 1,816,949 Cash and cash equivalents comprise the followings (Note 5): Cash and balances with banks 1,614,205 1,990,155 1,378,646 1,777,150 Deposits and placements with banks and other financial institutions 30,329 72,902 - 100,000 Less: Monies and short-term deposits held in trust on behalf of dealers’ representatives (122,522) (60,201) (122,522) (60,201) Less: Segregated funds from customers (237,615) (164,096) - - 1,284,397 1,838,760 1,256,124 1,816,949 The accompanying notes form an integral part of these financial statements.