FGV Annual Integrated Report 2019

43 ANNUAL INTEGRATED REPORT 2019 03 S E C T I O N MANAGEMENT DISCUSSION & ANALYSIS STATEMENTS AND ANALYSIS Group In RM ’ 000 2019 2018 (Restated) Additional investment in a joint venture (6,584) - Repayment of loan from a joint venture 22,510 - Payment for asset retirement (63) (48) Proceeds from disposal of property, plant and equipment 385 109 Proceeds from disposal of an associate 29,000 145,000 Proceeds from sales of financial assets at fair value through profit or loss (net) 8,731 116,606 Dividends received from joint ventures 42,895 41,929 Dividends received from associates 1,167 824 Dividends received from financial assets at fair value through other comprehensive income 1,394 2,529 Advances to joint ventures - (67,690) Net cash used in investing activities (484,049) (814,194) CASH FLOWS FROM FINANCING ACTIVITIES Repayment of loans due to a significant shareholder (272,605) (230,399) Drawdown of borrowings 4,474,502 6,075,541 Repayment of borrowings (4,699,230) (5,938,908) Payments of lease liabilities (39,121) (47,141) Repayment of LLA liability (248,683) (298,651) Dividends paid to non-controlling interests (82,395) (46,089) Finance expense paid (221,921) (218,296) Purchase of treasury shares (3,186) (4,920) Decrease/(increase) in restricted cash 75,169 (77,004) Net cash used in financing activities (1,017,470) (785,867) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 473,924 (595,767) Effect of foreign exchange rate changes (1,644) (2,111) CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR 1,096,007 1,693,318 Add: Decrease in assets held for sale 160 567 CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 1,568,447 1,096,007