148 Additional Information We Are Kenanga Message From Our Leaders Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 (CONT’D.) Note Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Cash flows from investing activities Sale proceeds from disposal of an associate, net of cash 14(a) 9,117 - - - Acquisition of subsidiaries net of cash acquired - (597) - - Sale proceeds from disposal of a subsidiary, net of cash - 5,372 - - Dividends received 32(b) 1,527 3,654 60,492 18,547 Purchase of property, plant and equipment 16 (5,175) (12,230) (2,836) (11,556) Purchase of intangible assets 17 (8,792) (11,901) (7,646) (10,494) Proceeds from disposal of property, plant and equipment and intangible assets 781 60 763 57 Capital injection in a joint venture 15 (1,550) - (1,550) - Net sale of securities 237,489 158,956 232,539 159,036 Net cash generated from investing activities 233,397 143,314 281,762 155,590 Cash flows from financing activities Dividend paid 45 (77,060) (64,213) (77,060) (64,213) Rental/lease payments (principal) 26 (8,028) (8,261) (6,705) (7,185) Net (repayment)/drawdown of borrowings (38,700) 69,300 (16,200) 52,300 Share buy-back (16,446) (14,574) (16,446) (14,574) Proceeds from exercise of ESS 7,667 14,916 7,667 14,916 Net cash used in financing activities (132,567) (2,832) (108,744) (18,756) Net (decrease)/increase in cash and cash equivalents (238,912) 185,406 (162,317) 81,003 Cash and cash equivalents at beginning of financial year 1,469,803 1,284,397 1,337,127 1,256,124 Cash and cash equivalents at end of financial year 5 1,230,891 1,469,803 1,174,810 1,337,127 Cash and cash equivalents comprise of the followings (Note 5): Cash and balances with banks 1,700,779 1,886,965 1,240,970 1,459,156 Deposits and placements with banks and other financial institutions 32,007 10,419 21,955 - Less: Monies and short-term deposits held in trust on behalf of dealers’ representatives (88,115) (122,029) (88,115) (122,029) Less: Segregated funds from customers (413,780) (305,552) - - 1,230,891 1,469,803 1,174,810 1,337,127 The accompanying notes form an integral part of these financial statements.
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