Kenanga Investment Bank Berhad Annual Report 2021 156 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD Note Group Bank 2021 RM'000 2020 RM'000 2021 RM'000 2020 RM'000 Cash flows from investing activities Acquisition of subsidiaries net of cash acquired 13 (597) - - - Sale proceeds from disposal of a subsidiary, net of cash 13 5,372 - - - Dividend income from investments 32(b) 3,654 4,040 18,547 3,934 Purchase of property, plant and equipment 16 (12,230) (8,332) (11,556) (6,956) Purchase of intangible assets 17 (11,901) (8,014) (10,494) (5,874) Proceeds from disposal of property, plant and equipment and intangible assets 60 24 57 24 Net sale/(purchase) of securities 158,956 (18,151) 159,036 (18,505) Net cash generated from/(used in) investing activities 143,314 (30,433) 155,590 (27,377) Cash flows from financing activities Dividend paid 45 (64,213) (22,707) (64,213) (22,707) Rental/lease payments (principal) (8,360) (8,023) (7,286) (6,922) Net drawdown of borrowings 69,300 78,800 52,300 85,800 Share buy-back (14,574) - (14,574) - Proceeds from exercise of ESS 14,916 5,132 14,916 5,132 Proceed from new issuance of a subsidiary's share to a non-controlling shareholder - 4,900 - - Net cash (used in)/generated from financing activities (2,931) 58,102 (18,857) 61,303 Net increase/(decrease) in cash and cash equivalents 185,406 (554,363) 81,003 (560,825) Cash and cash equivalents at beginning of financial year 1,284,397 1,838,760 1,256,124 1,816,949 Cash and cash equivalents at end of financial year 5 1,469,803 1,284,397 1,337,127 1,256,124 Cash and cash equivalents comprise of the followings (Note 5): Cash and balances with banks 1,886,965 1,614,205 1,459,156 1,378,646 Deposits and placements with banks and other financial institutions 10,419 30,329 - - Less: Monies and short-term deposits held in trust on behalf of dealers' representatives (122,029) (122,522) (122,029) (122,522) Less: Segregated funds from customers (305,552) (237,615) - - 1,469,803 1,284,397 1,337,127 1,256,124 The accompanying notes form an integral part of these financial statements. Statement of Changes in Equity For the financial year ended 31 December 2021 (cont’d.)
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