23 INVESTMENT IN SUBSIDIARIES (CONTINUED) (e) Summarised financial information on subsidiaries with material non-controlling interests (continued) Set out below are the summarised financial information for each subsidiary that has non-controlling interests that are material to the Group (other subsidiaries that have non-controlling interests are individually not significant). (continued) Summarised statements of cash flows MSM Malaysia Holdings Berhad Group FGV Palm Industries Sdn. Bhd. 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Cash flow generated from/(used in) operations 257,509 (95,753) 234,037 120,626 Retirement benefits paid – – (2,056) (1,577) Zakat paid (1,000) (1,000) (631) (2,260) Income tax paid (30,662) (14,211) (21,031) (44,356) Net cash generated from/(used in) operating activities 225,847 (110,964) 210,319 72,433 Net cash (used in)/generated from investing activities (39,208) (33,580) (47,213) 91,304 Net cash (used in)/generated from financing activities (291,269) 202,471 (16,780) (201,347) Net (decrease)/increase in cash and cash equivalents (104,630) 57,927 146,326 (37,610) Effect of foreign exchange rate changes (61) (571) – – Cash and cash equivalents at beginning of financial year 278,320 220,964 114,581 152,191 Cash and cash equivalents at end of financial year 173,629 278,320 260,907 114,581 FGV Holdings Berhad | Audited Financial Statements 2024 Notes to the Financial Statements For the financial year ended 31 December 2024 128
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